Athabasca Oil Co. (TSE:ATH) Receives C$6.25 Consensus PT from Analysts

Athabasca Oil Co. (TSE:ATH) has been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$6.25.

Several research analysts have recently issued reports on ATH shares. TD Securities dropped their target price on shares of Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, October 1st. Royal Bank of Canada increased their target price on Athabasca Oil from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Raymond James raised Athabasca Oil to a “hold” rating in a report on Thursday, October 17th. Scotiabank set a C$6.50 price objective on Athabasca Oil and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, ATB Capital boosted their target price on shares of Athabasca Oil from C$7.00 to C$7.50 in a research note on Thursday, July 25th.

Insiders Place Their Bets

In other Athabasca Oil news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$5.57, for a total transaction of C$1,198,879.20. Also, insider Athabasca Oil Corporation bought 259,700 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average price of C$5.38 per share, with a total value of C$1,396,848.39. Company insiders own 0.24% of the company’s stock.

Athabasca Oil Price Performance

Shares of TSE:ATH opened at C$5.02 on Monday. The company has a market capitalization of C$2.73 billion, a PE ratio of 33.47, a PEG ratio of -0.51 and a beta of 2.05. The business has a fifty day moving average price of C$5.10 and a 200-day moving average price of C$5.14. Athabasca Oil has a 1-year low of C$3.36 and a 1-year high of C$5.72. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.46 and a quick ratio of 1.24.

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.