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

Shares of Athabasca Oil Co. (TSE:ATH) have been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$6.25.

ATH has been the topic of several analyst reports. Royal Bank of Canada lifted their price target on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st. TD Securities reduced their target price on Athabasca Oil from C$6.00 to C$5.50 in a research report on Tuesday, October 1st. National Bankshares decreased their price target on Athabasca Oil from C$7.50 to C$6.50 in a research note on Friday, September 27th. Scotiabank set a C$6.50 price objective on Athabasca Oil and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, Raymond James upgraded shares of Athabasca Oil to a “hold” rating in a report on Thursday, October 17th.

Athabasca Oil Stock Performance

TSE ATH opened at C$5.02 on Friday. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.46 and a quick ratio of 1.24. The stock’s 50 day simple moving average is C$5.13 and its 200-day simple moving average is C$5.17. The company has a market cap of C$2.73 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05. Athabasca Oil has a 1-year low of C$3.36 and a 1-year high of C$5.72.

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.