Athabasca Oil (TSE:ATH) Sets New 52-Week Low – What’s Next?

Shares of Athabasca Oil Co. (TSE:ATH) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$4.41 and last traded at C$4.43, with a volume of 3949054 shares changing hands. The stock had previously closed at C$4.76.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upped their price target on shares of Athabasca Oil from C$6.50 to C$7.00 in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$6.31.

Athabasca Oil Trading Down 6.5 %

The stock has a market capitalization of C$2.31 billion, a P/E ratio of 10.47, a P/E/G ratio of -0.51 and a beta of 2.05. The firm’s 50 day simple moving average is C$5.10 and its two-hundred day simple moving average is C$5.13. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55.

Insider Buying and Selling at Athabasca Oil

In related news, insider Athabasca Oil Corporation bought 105,700 shares of the company’s stock in a transaction dated 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.

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.