Athabasca Oil Co. (TSE:ATH - Get Free Report) was up 14.7% during mid-day trading on Wednesday . The stock traded as high as C$4.83 and last traded at C$4.83. Approximately 4,155,970 shares traded hands during trading, an increase of 62% from the average daily volume of 2,567,758 shares. The stock had previously closed at C$4.21.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. BMO Capital Markets cut their price target on shares of Athabasca Oil from C$7.00 to C$6.00 in a research note on Thursday, March 6th. Royal Bank of Canada upgraded Athabasca Oil from a "hold" rating to a "moderate buy" rating in a report on Monday, March 10th. Two research 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 company. Based on data from MarketBeat.com, Athabasca Oil currently has an average rating of "Moderate Buy" and an average price target of C$6.25.
View Our Latest Stock Analysis on Athabasca Oil
Athabasca Oil Price Performance
The stock has a market capitalization of C$2.35 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of -0.51 and a beta of 2.05. The company's 50-day simple moving average is C$4.94 and its 200-day simple moving average is C$5.08. 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 Transactions at Athabasca Oil
In other Athabasca Oil news, insider Athabasca Oil Corporation acquired 105,700 shares of the company's stock in a transaction on Friday, January 31st. The stock was acquired at an average price of C$4.91 per share, for a total transaction of C$519,409.80. 0.24% of the stock is owned by corporate insiders.
Athabasca Oil Company Profile
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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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