Athabasca Oil (TSE:ATH) Trading Up 7.1% – Still a Buy?
by Kim Johansen · The Markets DailyShares of Athabasca Oil Co. (TSE:ATH – Get Free Report) were up 7.1% during mid-day trading on Thursday . The stock traded as high as C$11.13 and last traded at C$11.05. Approximately 764,385 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 2,889,516 shares. The stock had previously closed at C$10.32.
Wall Street Analysts Forecast Growth
ATH has been the subject of a number of research analyst reports. Scotiabank increased their target price on Athabasca Oil from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. National Bank Financial boosted their price target on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Tuesday. Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$8.00 to C$13.00 in a research note on Monday. Royal Bank Of Canada lowered Athabasca Oil from a “moderate buy” rating to a “hold” rating and raised their price objective for the company from C$7.00 to C$9.00 in a report on Monday, February 23rd. Finally, TD Securities lifted their target price on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday, March 6th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Athabasca Oil presently has an average rating of “Hold” and an average target price of C$9.79.
View Our Latest Research Report on ATH
Athabasca Oil Stock Performance
The stock has a market cap of C$5.18 billion, a price-to-earnings ratio of 22.04, a PEG ratio of -0.51 and a beta of 0.51. The company has a debt-to-equity ratio of 11.38, a current ratio of 1.78 and a quick ratio of 1.24. The firm has a fifty day moving average of C$8.89 and a 200 day moving average of C$7.65.
Athabasca Oil (TSE:ATH – Get Free Report) last released its quarterly earnings data on Thursday, March 5th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. Athabasca Oil had a return on equity of 13.86% and a net margin of 18.29%. As a group, sell-side analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current year.
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.