Athabasca Oil (TSE:ATH) Hits New 52-Week High – Still a Buy?

Shares of Athabasca Oil Co. (TSE:ATH) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$7.52 and last traded at C$7.44, with a volume of 499061 shares traded. The stock had previously closed at C$7.37.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TD Securities increased their price target on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Raymond James Financial increased their target price on Athabasca Oil from C$6.50 to C$7.00 in a research report on Thursday, October 30th. Royal Bank Of Canada lifted their price target on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Finally, Scotiabank increased their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Athabasca Oil currently has a consensus rating of “Hold” and an average price target of C$6.80.

Athabasca Oil Price Performance

The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55. The company’s fifty day moving average is C$6.77 and its two-hundred day moving average is C$6.01. The stock has a market cap of C$3.75 billion, a price-to-earnings ratio of 8.86, a P/E/G ratio of -0.51 and a beta of 0.78.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings data on Thursday, October 30th. The oil and gas exploration company reported C$0.14 earnings per share for the quarter. Athabasca Oil had a net margin of 17.53% and a return on equity of 14.73%. The firm had revenue of C$321.09 million during the quarter. As a group, research analysts predict that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.

Insider Activity at Athabasca Oil

In other news, insider Athabasca Oil Corporation acquired 129,800 shares of Athabasca Oil stock in a transaction dated Friday, October 31st. The shares were acquired at an average cost of C$6.82 per share, for a total transaction of C$885,236.00. Following the acquisition, the insider owned 2,844,700 shares of the company’s stock, valued at C$19,400,854. This trade represents a 4.78% increase in their ownership of the stock. Over the last quarter, insiders have purchased 2,844,700 shares of company stock valued at $18,986,013. Corporate insiders own 0.24% of the company’s stock.

About Athabasca Oil

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.