Athabasca Oil (TSE:ATH) Stock Price Up 5.5% - Time to Buy?

Athabasca Oil Co. (TSE:ATH - Get Free Report) rose 5.5% on Friday . The stock traded as high as C$4.83 and last traded at C$4.83. Approximately 416,403 shares were traded during trading, a decline of 83% from the average daily volume of 2,385,403 shares. The stock had previously closed at C$4.58.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered their price objective on Athabasca Oil from C$7.00 to C$6.00 in a research note on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$6.25.

Athabasca Oil Stock Up 2.8 %

The firm has a market cap of C$2.51 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05. The company has a 50-day simple moving average of C$5.03 and a 200-day simple moving average of C$5.09. The company has a debt-to-equity ratio of 12.55, a current ratio of 2.54 and a quick ratio of 1.24.

Insider Buying and Selling

In related news, insider Athabasca Oil Corporation purchased 105,700 shares of Athabasca Oil stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price 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

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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