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

Shares of Athabasca Oil Co. (TSE:ATH) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$6.14.

Several analysts recently commented on ATH shares. Stifel Nicolaus lifted their price objective on Athabasca Oil from C$5.00 to C$5.75 and gave the stock a “buy” rating in a report on Monday, March 4th. National Bankshares raised Athabasca Oil from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$6.50 to C$7.00 in a research note on Thursday, May 9th. Royal Bank of Canada cut Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 price objective on the stock. in a report on Tuesday, March 26th. Desjardins lowered shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$5.75 target price for the company. in a report on Tuesday, April 23rd. Finally, BMO Capital Markets set a C$6.50 price target on shares of Athabasca Oil and gave the stock an “outperform” rating in a research report on Monday, April 8th.

Athabasca Oil Stock Performance

Shares of ATH stock opened at C$4.91 on Monday. The company has a current ratio of 2.27, a quick ratio of 1.24 and a debt-to-equity ratio of 11.54. The company’s fifty day moving average price is C$5.05 and its 200-day moving average price is C$4.56. The stock has a market cap of C$2.74 billion, a PE ratio of 61.38, a price-to-earnings-growth ratio of -0.51 and a beta of 2.18. Athabasca Oil has a 12 month low of C$2.54 and a 12 month high of C$5.59.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 EPS for the quarter. Athabasca Oil had a return on equity of 2.65% and a net margin of 3.63%. The firm had revenue of C$315.93 million for the quarter. On average, equities analysts expect that Athabasca Oil will post 0.5301205 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of C$5.32, for a total value of C$130,340.00. 0.64% of the stock is currently owned by 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.