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

Athabasca Oil Co. (TSE:ATH) has earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$6.43.

A number of equities research analysts have commented on ATH shares. TD Securities increased their price objective on shares of Athabasca Oil from C$5.50 to C$6.00 in a report on Thursday, July 25th. National Bank Financial raised shares of Athabasca Oil from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 9th. Desjardins cut shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$5.75 price objective for the company. in a research report on Tuesday, April 23rd. National Bankshares increased their price objective on Athabasca Oil from C$7.00 to C$7.50 in a research report on Thursday, July 25th. Finally, ATB Capital boosted their target price on Athabasca Oil from C$7.00 to C$7.50 in a research report on Thursday, July 25th.

Athabasca Oil Stock Performance

ATH stock traded down C$0.02 during trading on Friday, reaching C$5.16. 1,629,161 shares of the stock were exchanged, compared to its average volume of 3,119,404. The stock has a 50 day simple moving average of C$5.18 and a 200-day simple moving average of C$4.99. 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 has a market capitalization of C$2.88 billion, a P/E ratio of 64.50, a price-to-earnings-growth ratio of -0.51 and a beta of 2.18. Athabasca Oil has a twelve month low of C$3.36 and a twelve month high of C$5.72.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings results on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 EPS for the quarter. Athabasca Oil had a return on equity of 2.65% and a net margin of 3.63%. The business had revenue of C$401.74 million for the quarter. As a group, sell-side analysts anticipate that Athabasca Oil will post 0.5296656 earnings per share for the current year.

Insider Buying and Selling at Athabasca Oil

In other Athabasca Oil news, Senior Officer Robert Anthony Broen sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$5.01, for a total value of C$501,000.00. Company insiders own 0.64% of the company’s stock.

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.