Athabasca Oil (TSE:ATH) Hits New 12-Month High – Here’s What Happened

Athabasca Oil Co. (TSE:ATHGet Free Report)’s share price hit a new 52-week high on Friday . The company traded as high as C$6.09 and last traded at C$5.99, with a volume of 2000694 shares. The stock had previously closed at C$5.66.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ATH shares. 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 lowered their price target on shares of Athabasca Oil from C$7.00 to C$6.00 in a report on Thursday, March 6th.

Check Out Our Latest Analysis on ATH

Athabasca Oil Price Performance

The stock has a market cap of C$3.16 billion, a P/E ratio of 14.31, a P/E/G ratio of -0.51 and a beta of 2.05. The company’s 50 day moving average price is C$4.98 and its 200-day moving average price is C$5.05. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55.

Athabasca Oil Company Profile

(Get Free Report)

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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