Athabasca Oil Co. (TSE:ATH) Stock Has Average Price Target of C$11.44 According to Analysts

Athabasca Oil Co. (TSE:ATH) has received an average rating of “Reduce” from the seven ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$11.22.

A number of equities analysts recently weighed in on the stock. TD Securities lowered shares of Athabasca Oil from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Desjardins set a C$12.50 price target on Athabasca Oil and gave the company a “hold” rating in a research note on Friday, July 17th. Royal Bank Of Canada set a C$12.00 price target on Athabasca Oil and gave the company a “sector perform” rating in a research note on Thursday, September 10th. Raymond James Financial lowered Athabasca Oil from a “moderate buy” rating to a “hold” rating and cut their price target for the company from C$14.00 to C$12.00 in a report on Thursday, October 15th. Finally, TD lowered Athabasca Oil from a “hold” rating to a “tender” rating and boosted their price target for the company from C$11.00 to C$12.00 in a report on Tuesday, October 6th.

Athabasca Oil Stock Down 1.2%

Shares of ATH stock opened at C$11.91 on Friday. The firm has a fifty day moving average of C$11.09 and a 200-day moving average of C$11.03. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 10.95. Athabasca Oil has a 12-month low of C$6.22 and a 12-month high of C$12.86. The company has a market capitalization of C$5.73 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of -0.51 and a beta of 0.10.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS for the quarter. The business had revenue of C$306.54 million for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. As a group, equities research analysts predict that Athabasca Oil will post 0.54 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Athabasca Oil Corporation bought 49,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were acquired at an average price of C$10.14 per share, with a total value of C$501,930.00. Following the transaction, the insider owned 742,100 shares in the company, valued at C$7,524,894. This represents a 7.15% increase in their ownership of the stock. Insiders bought 962,000 shares of company stock worth $10,108,387 in the last ninety days. 0.24% of the stock is currently owned by company 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’.