Athabasca Oil (TSE:ATH) Trading Up 3.8% – Should You Buy?

Athabasca Oil Co. (TSE:ATH)’s share price rose 3.8% on Wednesday . The company 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 Analysts Forecast Growth

ATH has been the topic of several research analyst reports. BMO Capital Markets lowered their price objective on Athabasca Oil from C$7.00 to C$6.00 in a report on Thursday, March 6th. Royal Bank of Canada raised Athabasca Oil from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 10th. Two equities 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 stock. According to data from MarketBeat, Athabasca Oil currently has a consensus rating of “Moderate Buy” and an average target price of C$6.25.

Athabasca Oil Price Performance

The firm has a market capitalization of C$2.35 billion, a PE ratio of 10.64, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05. The stock’s 50 day simple moving average is C$4.96 and its two-hundred day simple moving average is C$5.08. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54.

Insider Buying and Selling

In other news, insider Athabasca Oil Corporation acquired 105,700 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of C$4.91 per share, for a total transaction of C$519,409.80. 0.24% of the stock is currently 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.