Athabasca Oil Co. (TSE:ATH - Get Free Report) shares were up 4.8% on Wednesday . The stock traded as high as C$4.51 and last traded at C$4.41. Approximately 3,261,614 shares traded hands during trading, an increase of 27% from the average daily volume of 2,563,034 shares. The stock had previously closed at C$4.21.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. Royal Bank of Canada upgraded Athabasca Oil from a "hold" rating to a "moderate buy" rating in a research report on Monday, March 10th. BMO Capital Markets dropped their target price on Athabasca Oil from C$7.00 to C$6.00 in a report on Thursday, March 6th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$6.25.
Read Our Latest Stock Analysis on ATH
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 price-to-earnings ratio of 10.64, a PEG ratio of -0.51 and a beta of 2.05. The firm has a fifty day moving average price of C$4.94 and a 200 day moving average price of C$5.08.
Insider Buying and Selling at Athabasca Oil
In related news, insider Athabasca Oil Corporation bought 105,700 shares of the company's stock in a transaction on Friday, January 31st. The stock was bought at an average cost of C$4.91 per share, with a total value of C$519,409.80. 0.24% of the stock is owned by corporate insiders.
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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