Athabasca Oil (TSE:ATH) Shares Up 4.5% – Should You Buy?

Athabasca Oil Co. (TSE:ATH) traded up 4.5% during trading on Wednesday . The company traded as high as C$4.51 and last traded at C$4.40. 3,043,532 shares changed hands during mid-day trading, an increase of 19% from the average session volume of 2,551,866 shares. The stock had previously closed at C$4.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ATH shares. Royal Bank of Canada raised Athabasca Oil from a “hold” rating to a “moderate buy” rating in a report on Monday, March 10th. BMO Capital Markets decreased their target price on shares of Athabasca Oil from C$7.00 to C$6.00 in a research report on Thursday, March 6th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$6.25.

Athabasca Oil Stock Up 13.8 %

The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55. The firm has a 50 day moving average of C$4.96 and a two-hundred day moving average of C$5.09. The firm has a market capitalization of C$2.49 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05.

Insider Activity at Athabasca Oil

In other news, insider Athabasca Oil Corporation purchased 105,700 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of C$4.91 per share, with a total value of C$519,409.80. 0.24% of the stock is owned by 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.