Athabasca Oil (TSE:ATH) Stock Price Up 14.7% – Time to Buy?

by · The Cerbat Gem

Shares of Athabasca Oil Co. (TSE:ATH – Get Free Report) rose 14.7% during mid-day trading on Wednesday . The company traded as high as C$4.83 and last traded at C$4.83. Approximately 4,155,970 shares traded hands during trading, an increase of 62% from the average daily volume of 2,567,758 shares. The stock had previously closed at C$4.21.

Wall Street Analyst Weigh In

ATH has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price objective on shares of Athabasca Oil from C$7.00 to C$6.00 in a research note on Thursday, March 6th. Royal Bank of Canada upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating in a report on Monday, March 10th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.25.

Check Out Our Latest Stock Report on ATH

Athabasca Oil Stock Up 0.9 %

The company has a debt-to-equity ratio of 12.55, a current ratio of 2.54 and a quick ratio of 1.24. The firm has a market capitalization of C$2.35 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05. The business has a 50 day moving average price of C$4.95 and a 200 day moving average price of C$5.08.

Insiders Place Their Bets

In related news, insider Athabasca Oil Corporation acquired 105,700 shares of the stock in a transaction dated Friday, January 31st. The shares were acquired at an average price of C$4.91 per share, for a total transaction of C$519,409.80. Company insiders own 0.24% of the company’s stock.

Athabasca Oil Company Profile

(Get Free Report)

Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.

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