Athabasca Oil Co. (TSE:ATH) Given Average Rating of “Moderate Buy” by Brokerages

Athabasca Oil Co. (TSE:ATH) has received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$6.19.

ATH has been the subject of a number of analyst reports. Royal Bank of Canada cut their price target on Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, September 17th. ATB Capital increased their price objective on shares of Athabasca Oil from C$7.00 to C$7.50 in a report on Thursday, July 25th. National Bankshares dropped their price objective on shares of Athabasca Oil from C$7.50 to C$6.50 in a report on Friday, September 27th. TD Securities dropped their price objective on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Finally, Scotiabank set a C$6.50 price objective on shares of Athabasca Oil and gave the company an “outperform” rating in a report on Tuesday.

Athabasca Oil Price Performance

TSE ATH opened at C$5.05 on Thursday. The business’s fifty day moving average price is C$5.21 and its 200-day moving average price is C$5.14. The stock has a market capitalization of C$2.75 billion, a price-to-earnings ratio of 33.67, a PEG ratio of -0.51 and a beta of 2.05. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.46 and a quick ratio of 1.24. Athabasca Oil has a 1-year low of C$3.36 and a 1-year high of C$5.72.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings data on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 EPS for the quarter. The firm had revenue of C$401.74 million during the quarter. Athabasca Oil had a return on equity of 5.04% and a net margin of 6.32%. On average, equities analysts predict that Athabasca Oil will post 0.5403473 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of Athabasca Oil 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. In other Athabasca Oil news, insider Athabasca Oil Corporation acquired 259,700 shares of Athabasca Oil stock in a transaction that occurred on Friday, August 30th. The stock was bought at an average price 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 business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$5.57, for a total transaction of C$1,198,879.20. Insiders own 0.24% of the company’s stock.

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.