Athabasca Oil Co. (TSE:ATH) Receives Average Recommendation of “Moderate Buy” from Analysts

Athabasca Oil Co. (TSE:ATH) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$6.36.

A number of equities analysts have recently commented on ATH shares. Royal Bank of Canada cut their price objective on Athabasca Oil from C$6.00 to C$5.50 in a research report on Tuesday, September 17th. National Bankshares upped their price target on Athabasca Oil from C$7.00 to C$7.50 in a report on Thursday, July 25th. TD Securities raised their price objective on shares of Athabasca Oil from C$5.50 to C$6.00 in a research note on Thursday, July 25th. Finally, ATB Capital upped their target price on shares of Athabasca Oil from C$7.00 to C$7.50 in a research note on Thursday, July 25th.

Athabasca Oil Stock Down 1.3 %

Athabasca Oil stock opened at C$5.24 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.24 and a debt-to-equity ratio of 11.60. Athabasca Oil has a 1-year low of C$3.36 and a 1-year high of C$5.72. The firm’s fifty day simple moving average is C$5.33 and its 200-day simple moving average is C$5.16. The company has a market capitalization of C$2.85 billion, a P/E ratio of 34.93, a P/E/G ratio of -0.51 and a beta of 2.08.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings data on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 earnings per share for the quarter. Athabasca Oil had a return on equity of 5.04% and a net margin of 6.32%. The business had revenue of C$401.74 million for the quarter. Sell-side analysts forecast that Athabasca Oil will post 0.7400821 earnings per share for the current fiscal year.

Insider Activity

In other Athabasca Oil news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of Athabasca Oil stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$5.57, for a total value of C$1,198,879.20. In related news, insider Athabasca Oil Corporation purchased 259,700 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were acquired at an average cost of C$5.38 per share, with a total value of C$1,396,848.39. Also, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$5.57, for a total transaction of C$1,198,879.20. 0.55% of the stock is currently owned by corporate insiders.

About Athabasca Oil

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.