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

Athabasca Oil Co. (TSE:ATHGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$6.14.

Several research firms recently commented on ATH. TD Securities cut Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 price target for the company. in a report on Tuesday, March 12th. Royal Bank of Canada downgraded Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 target price for the company. in a research note on Tuesday, March 26th. National Bankshares raised shares of Athabasca Oil from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$6.50 to C$7.00 in a research note on Thursday, May 9th. ATB Capital increased their price target on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Finally, National Bank Financial raised shares of Athabasca Oil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 9th.

View Our Latest Analysis on ATH

Insiders Place Their Bets

In other news, Senior Officer Robert Anthony Broen sold 100,000 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$5.01, for a total value of C$501,000.00. 0.64% of the stock is owned by company insiders.

Athabasca Oil Trading Down 0.8 %

Shares of TSE:ATH opened at C$5.17 on Tuesday. The firm has a market capitalization of C$2.89 billion, a price-to-earnings ratio of 64.63, a price-to-earnings-growth ratio of -0.51 and a beta of 2.18. The business’s 50 day moving average price is C$4.97 and its 200-day moving average price is C$4.83. The company has a debt-to-equity ratio of 11.54, a current ratio of 2.27 and a quick ratio of 1.24. Athabasca Oil has a 1 year low of C$2.99 and a 1 year high of C$5.59.

Athabasca Oil (TSE:ATHGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The oil and gas exploration company reported C$0.07 EPS for the quarter, hitting the consensus estimate of C$0.07. The company had revenue of C$311.12 million during the quarter. Athabasca Oil had a return on equity of 2.65% and a net margin of 3.63%. On average, equities research analysts forecast that Athabasca Oil will post 0.5296656 earnings per share for the current fiscal year.

Athabasca Oil Company Profile

(Get Free Report

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.

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Analyst Recommendations for Athabasca Oil (TSE:ATH)

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