Athabasca Oil (TSE:ATH) Trading Up 4.5% - Still a Buy?

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Royal Bank of Canada raised shares of Athabasca Oil from a "hold" rating to a "moderate buy" rating in a research note on Monday, March 10th. BMO Capital Markets decreased their price objective on shares of Athabasca Oil from C$7.00 to C$6.00 in a research note on Thursday, March 6th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$6.25.

Athabasca Oil Price Performance

The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54. The firm has a market capitalization of C$2.35 billion, a P/E ratio of 10.64, a PEG ratio of -0.51 and a beta of 2.05. The business's fifty day moving average price is C$4.95 and its two-hundred day moving average price is C$5.08.

Insider Transactions at Athabasca Oil

In related news, insider Athabasca Oil Corporation bought 105,700 shares of the stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of C$4.91 per share, for a total transaction of C$519,409.80. Insiders own 0.24% of the company's stock.

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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.