Athabasca Oil Co. (TSE:ATH) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Athabasca Oil Co. (TSE:ATH) have received a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$6.00.

A number of analysts have recently commented on the stock. ATB Capital boosted their price objective on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Desjardins lowered shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$5.75 price objective on the stock. in a research report on Tuesday. BMO Capital Markets set a C$6.50 price objective on shares of Athabasca Oil and gave the stock an “outperform” rating in a research report on Monday, April 8th. Royal Bank of Canada lowered shares of Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 price target on the stock. in a research report on Tuesday, March 26th. Finally, Stifel Nicolaus upped their price target on shares of Athabasca Oil from C$5.00 to C$5.75 and gave the stock a “buy” rating in a research report on Monday, March 4th.

Athabasca Oil Stock Down 1.2 %

Athabasca Oil stock opened at C$4.98 on Thursday. The stock has a market capitalization of C$2.82 billion, a PE ratio of -55.33, a price-to-earnings-growth ratio of -0.51 and a beta of 2.19. Athabasca Oil has a twelve month low of C$2.54 and a twelve month high of C$5.59. The company has a quick ratio of 1.24, a current ratio of 2.70 and a debt-to-equity ratio of 11.72. The company has a 50 day moving average of C$5.07 and a 200-day moving average of C$4.46.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings data on Thursday, February 29th. The oil and gas exploration company reported C$0.03 EPS for the quarter. The business had revenue of C$315.93 million for the quarter. Athabasca Oil had a negative net margin of 4.29% and a negative return on equity of 3.11%. On average, equities research analysts anticipate that Athabasca Oil will post 0.5260059 EPS for the current fiscal year.

Insiders Place Their Bets

In other Athabasca Oil news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of C$5.32, for a total value of C$130,340.00. Insiders own 0.78% of the company’s stock.

Athabasca Oil Company Profile

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.