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

Athabasca Oil Co. (TSE:ATH) has earned a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers 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 ATH shares. Raymond James raised Athabasca Oil to a “hold” rating in a research report on Thursday, October 17th. TD Securities dropped their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, October 1st. Scotiabank set a C$6.50 target price on Athabasca Oil and gave the company an “outperform” rating in a research report on Tuesday, October 15th. National Bankshares decreased their price target on Athabasca Oil from C$7.50 to C$6.50 in a research note on Friday, September 27th. Finally, Royal Bank of Canada increased their target price on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st.

Athabasca Oil Price Performance

Athabasca Oil stock opened at C$5.57 on Tuesday. Athabasca Oil has a 1 year low of C$4.03 and a 1 year high of C$5.72. The firm has a 50 day moving average price of C$5.13 and a 200 day moving average price of C$5.19. The company has a market cap of C$3.03 billion, a price-to-earnings ratio of 37.13, a PEG ratio of -0.51 and a beta of 2.05. The company has a debt-to-equity ratio of 11.60, a quick ratio of 1.24 and a current ratio of 2.46.

Athabasca Oil Company Profile

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.