Athabasca Oil Co. (TSE:ATH - Get Free Report)'s share price rose 3.8% during mid-day trading on Wednesday . The stock traded as high as C$4.38 and last traded at C$4.37. Approximately 1,543,209 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 2,532,744 shares. The stock had previously closed at C$4.21.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. Royal Bank of Canada upgraded 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 report on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$6.25.
Read Our Latest Report on Athabasca Oil
Athabasca Oil Stock Performance
The company has a market capitalization of C$2.35 billion, a P/E ratio of 10.64, a P/E/G ratio of -0.51 and a beta of 2.05. 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 business's fifty day simple moving average is C$4.95 and its 200-day simple moving average is C$5.08.
Insider Transactions at Athabasca Oil
In related news, insider Athabasca Oil Corporation purchased 105,700 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were bought 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.
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.
Further Reading
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