Athabasca Oil (TSE:ATH) Reaches New 12-Month Low - Here's Why

Athabasca Oil Co. (TSE:ATH - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$4.41 and last traded at C$4.43, with a volume of 3949054 shares changing hands. The stock had previously closed at C$4.76.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets cut their price objective on Athabasca Oil from C$7.00 to C$6.00 in a report on Thursday. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$6.25.

Athabasca Oil Price Performance

The company's 50-day simple moving average is C$5.06 and its 200 day simple moving average is C$5.11. 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 stock has a market capitalization of C$2.50 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of -0.51 and a beta of 2.05.

Insider Buying and Selling

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

About Athabasca Oil

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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