Athabasca Oil (TSE:ATH) Hits New 12-Month High – Still a Buy?

Athabasca Oil Co. (TSE:ATH) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$6.71 and last traded at C$6.70, with a volume of 325843 shares traded. The stock had previously closed at C$6.57.

Analyst Upgrades and Downgrades

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

Athabasca Oil Price Performance

The stock has a market cap of C$3.33 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of -0.51 and a beta of 1.16. The business’s 50 day moving average price is C$5.95 and its two-hundred day moving average price is C$5.46. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55.

Insider Activity

In other Athabasca Oil news, insider Athabasca Oil Corporation acquired 158,200 shares of Athabasca Oil 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. Corporate insiders own 0.24% of the company’s stock.

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.