Athabasca Oil (TSE:ATH) Reaches New 52-Week High – What’s Next?

Shares of Athabasca Oil Co. (TSE:ATH) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$6.31 and last traded at C$6.23, with a volume of 788856 shares trading hands. The stock had previously closed at C$6.11.

Analysts Set New Price Targets

Separately, Scotiabank lowered shares of Athabasca Oil from a “strong-buy” rating to a “hold” rating and set a C$6.50 price objective on the stock. in a report on Friday, July 11th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$6.10.

Athabasca Oil Stock Up 2.6%

The firm has a market capitalization of C$3.11 billion, a price-to-earnings ratio of 7.29, a P/E/G ratio of -0.51 and a beta of 1.16. The company’s 50 day moving average price is C$5.79 and its 200 day moving average price is C$5.33. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55.

Insider Transactions at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation bought 158,200 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was bought at an average cost of C$5.89 per share, for a total transaction of C$932,414.98. 0.24% of the stock is owned by corporate insiders.

Athabasca Oil Company Profile

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.