Athabasca Oil (TSE:ATH) Upgraded at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Athabasca Oil (TSE:ATH) from a hold rating to a moderate buy rating in a research report released on Monday morning,Zacks.com reports.

Separately, 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. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$6.25.

Athabasca Oil Stock Up 3.5 %

TSE ATH opened at C$4.99 on Monday. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55. The stock’s 50 day moving average is C$5.03 and its two-hundred day moving average is C$5.09. The company has a market capitalization of C$2.59 billion, a price-to-earnings ratio of 11.74, a PEG ratio of -0.51 and a beta of 2.05. Athabasca Oil has a 1-year low of C$4.11 and a 1-year high of C$5.79.

Insider Buying and Selling

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 105,700 shares of the business’s stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of C$4.91 per share, with a total value of C$519,409.80. Company 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.