Athabasca Oil (TSE:ATH) Shares Up 4.8% – Still a Buy?

Athabasca Oil Co. (TSE:ATH)’s stock price rose 4.8% on Wednesday . The company 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 Ratings Changes

A number of analysts have recently issued reports on ATH shares. Royal Bank of Canada upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating in a report on Monday, March 10th. BMO Capital Markets decreased their target price on shares of Athabasca Oil from C$7.00 to C$6.00 in a research 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 company’s stock. Based on data from MarketBeat.com, Athabasca Oil presently has an average rating of “Moderate Buy” and an average target price of C$6.25.

Athabasca Oil Stock Performance

The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55. The stock’s fifty day moving average is C$4.96 and its two-hundred day moving average is C$5.09. The firm has a market capitalization of C$2.52 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of -0.51 and a beta of 2.05.

Insider Transactions at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 105,700 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were 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 company insiders.

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.