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

Athabasca Oil Co. (TSE:ATH) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$6.25.

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

Insiders Place Their Bets

In other news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$5.57, for a total transaction of C$1,198,879.20. Also, insider Athabasca Oil Corporation acquired 259,700 shares of Athabasca Oil stock in a transaction dated Friday, August 30th. The stock was purchased at an average price of C$5.38 per share, for a total transaction of C$1,396,848.39. 0.24% of the stock is currently owned by corporate insiders.

Athabasca Oil Stock Performance

Shares of TSE:ATH opened at C$5.02 on Monday. The firm has a fifty day simple moving average of C$5.10 and a two-hundred day simple moving average of C$5.14. The company has a quick ratio of 1.24, a current ratio of 2.46 and a debt-to-equity ratio of 11.60. The stock has a market capitalization of C$2.73 billion, a P/E ratio of 33.47, a PEG ratio of -0.51 and a beta of 2.05. Athabasca Oil has a 52 week low of C$3.36 and a 52 week high of C$5.72.

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.