Athabasca Oil (TSE:ATH) Shares Up 4.9% – Time to Buy?

Athabasca Oil Co. (TSE:ATH)’s stock price traded up 4.9% during mid-day trading on Thursday . The company traded as high as C$4.98 and last traded at C$4.97. 1,223,458 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 2,575,442 shares. The stock had previously closed at C$4.74.

Wall Street Analyst Weigh In

Several research firms recently commented on ATH. BMO Capital Markets cut their target price on shares of Athabasca Oil from C$7.00 to C$6.00 in a research note on Thursday, March 6th. Royal Bank of Canada upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 10th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Athabasca Oil currently has an average rating of “Moderate Buy” and a consensus price target of C$6.25.

Athabasca Oil Trading Up 6.1 %

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 company has a market capitalization of C$2.62 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05. The business has a fifty day moving average price of C$4.93 and a 200 day moving average price of C$5.07.

Insiders Place Their Bets

In related news, insider Athabasca Oil Corporation bought 105,700 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of C$4.91 per share, with a total value of C$519,409.80. Insiders own 0.24% of the company’s stock.

About Athabasca Oil

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.