Athabasca Oil (TSE:ATH) Reaches New 1-Year Low at $0.73

Athabasca Oil Corp (TSE:ATH) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$0.73 and last traded at C$0.73, with a volume of 219860 shares. The stock had previously closed at C$0.73.

Several research analysts recently issued reports on ATH shares. CIBC increased their price target on shares of Athabasca Oil from C$1.35 to C$1.50 in a report on Friday, May 10th. Canaccord Genuity increased their price target on shares of Athabasca Oil from C$1.50 to C$2.00 in a report on Tuesday, April 9th. TD Securities cut their price target on shares of Athabasca Oil from C$1.65 to C$1.40 and set a “buy” rating for the company in a report on Friday, March 8th. Raymond James restated a “market perform” rating and set a C$1.25 target price on shares of Athabasca Oil in a research report on Thursday, March 7th. Finally, National Bank Financial upped their target price on shares of Athabasca Oil from C$1.60 to C$1.65 and gave the stock an “outperform” rating in a research report on Friday, May 10th.

The company has a debt-to-equity ratio of 48.63, a quick ratio of 2.37 and a current ratio of 2.63. The stock has a market capitalization of $387.26 million and a price-to-earnings ratio of -1.33.

Athabasca Oil (TSE:ATH) last issued its earnings results on Wednesday, May 8th. The oil and gas exploration company reported C$0.39 earnings per share for the quarter. The company had revenue of C$226.13 million for the quarter. On average, research analysts forecast that Athabasca Oil Corp will post -0.07 EPS for the current fiscal year.

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Athabasca Oil Company Profile (TSE:ATH)

Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Leismer and Hangingstone assets located in northeastern Alberta.

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