Brokerages Set Athabasca Oil Co. (TSE:ATH) Price Target at C$11.56

Shares of Athabasca Oil Co. (TSE:ATH) have been given an average rating of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$11.56.

A number of research firms have recently weighed in on ATH. Royal Bank Of Canada set a C$12.00 price objective on shares of Athabasca Oil and gave the company a “sector perform” rating in a research report on Thursday, September 10th. Desjardins set a C$12.50 target price on shares of Athabasca Oil and gave the stock a “hold” rating in a research report on Friday, July 17th. Jefferies Financial Group set a C$14.00 target price on shares of Athabasca Oil and gave the stock a “buy” rating in a research note on Thursday, June 4th. Finally, BMO Capital Markets downgraded Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 price target for the company. in a report on Wednesday, September 16th.

Athabasca Oil Trading Down 0.4%

Athabasca Oil stock opened at C$10.08 on Monday. The stock has a market cap of C$4.85 billion, a PE ratio of 21.45, a P/E/G ratio of -0.51 and a beta of -0.17. The stock has a 50-day moving average price of C$10.64 and a 200 day moving average price of C$10.76. Athabasca Oil has a 52 week low of C$6.11 and a 52 week high of C$12.86. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95.

Athabasca Oil (TSE:ATH) last released its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share (EPS) for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The company had revenue of C$306.54 million for the quarter. Equities research analysts predict that Athabasca Oil will post 0.5403473 earnings per share for the current fiscal year.

Insider Activity at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation acquired 46,900 shares of the stock in a transaction dated Monday, August 31st. The stock was acquired at an average price of C$10.68 per share, with a total value of C$500,892.00. Following the completion of the transaction, the insider directly owned 994,200 shares in the company, valued at approximately C$10,618,056. This trade represents a 4.95% increase in their ownership of the stock. Insiders acquired a total of 955,400 shares of company stock valued at $10,181,203 over the last ninety days. 0.24% of the stock is owned by insiders.

Athabasca Oil Company Profile

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol ‘ATH’.