Brokerages Set Athabasca Oil Co. (TSE:ATH) Price Target at C$9.21

Athabasca Oil Co. (TSE:ATH) has received an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$9.79.

A number of analysts have recently issued reports on ATH shares. Raymond James Financial upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and raised their price target for the stock from C$8.00 to C$13.00 in a report on Monday. Royal Bank Of Canada cut Athabasca Oil from a “moderate buy” rating to a “hold” rating and upped their price objective for the company from C$7.00 to C$9.00 in a report on Monday, February 23rd. TD Securities increased their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, March 6th. Scotiabank raised their target price on Athabasca Oil from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Finally, Desjardins reduced their target price on Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating on the stock in a research report on Friday, December 12th.

Athabasca Oil Stock Performance

Shares of TSE:ATH opened at C$10.32 on Monday. Athabasca Oil has a 1 year low of C$4.05 and a 1 year high of C$11.27. The firm has a market capitalization of C$4.95 billion, a PE ratio of 21.06, a P/E/G ratio of -0.51 and a beta of 0.51. The business’s 50 day moving average price is C$8.89 and its 200-day moving average price is C$7.65. The company has a debt-to-equity ratio of 11.38, a current ratio of 1.78 and a quick ratio of 1.24.

Athabasca Oil (TSE:ATH) last released its quarterly earnings data on Thursday, March 5th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. Athabasca Oil had a return on equity of 13.86% and a net margin of 18.29%. As a group, equities research analysts expect that Athabasca Oil will post 0.5403473 earnings per share for the current fiscal year.

About Athabasca Oil

Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.