Athabasca Oil Co. (TSE:ATH - Get Free Report)'s share price reached a new 52-week high on Friday . The stock traded as high as C$5.79 and last traded at C$5.70, with a volume of 885374 shares changing hands. The stock had previously closed at C$5.58.
Analyst Ratings Changes
A number of equities research analysts recently commented on the stock. Raymond James upgraded shares of Athabasca Oil to a "hold" rating in a report on Thursday, October 17th. National Bankshares dropped their price target on Athabasca Oil from C$7.50 to C$6.50 in a research note on Friday, September 27th. TD Securities reduced their price objective on Athabasca Oil from C$6.00 to C$5.50 in a research report on Tuesday, October 1st. Scotiabank set a C$6.50 target price on Athabasca Oil and gave the company an "outperform" rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada upped their price target on Athabasca Oil from C$5.50 to C$6.00 and gave the stock a "sector perform" rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$6.25.
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Athabasca Oil Price Performance
The stock has a market cap of C$3.05 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05. The company has a debt-to-equity ratio of 11.60, a quick ratio of 1.24 and a current ratio of 2.46. The company has a 50-day simple moving average of C$5.17 and a two-hundred day simple moving average of C$5.21.
About Athabasca Oil
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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.
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