Athabasca Oil Co. (TSE:ATH) Receives C$6.19 Average PT from Brokerages

Shares of Athabasca Oil Co. (TSE:ATH) have received an average recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$6.19.

Several equities research analysts have issued reports on ATH shares. TD Securities lowered their price target on Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Royal Bank of Canada decreased their price objective on Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, September 17th. Raymond James upgraded Athabasca Oil to a “hold” rating in a research note on Thursday, October 17th. National Bankshares dropped their price objective on shares of Athabasca Oil from C$7.50 to C$6.50 in a research report on Friday, September 27th. Finally, Scotiabank set a C$6.50 price target on Athabasca Oil and gave the company an “outperform” rating in a research note on Tuesday, October 15th.

Athabasca Oil Stock Down 0.2 %

Shares of ATH opened at C$5.11 on Thursday. The business’s 50 day simple moving average is C$5.21 and its 200-day simple moving average is C$5.14. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.46 and a quick ratio of 1.24. The company has a market capitalization of C$2.78 billion, a P/E ratio of 34.00, a PEG ratio of -0.51 and a beta of 2.05. Athabasca Oil has a one year low of C$3.36 and a one year high of C$5.72.

Athabasca Oil (TSE:ATH) last released its earnings results on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 earnings per share (EPS) for the quarter. Athabasca Oil had a net margin of 6.32% and a return on equity of 5.04%. The company had revenue of C$401.74 million for the quarter. As a group, sell-side analysts predict that Athabasca Oil will post 0.5403473 EPS for the current fiscal year.

Insider Buying and Selling

In other news, 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 acquired at an average price of C$5.38 per share, for a total transaction of C$1,396,848.39. In other news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the company’s stock in a transaction that occurred 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 bought 259,700 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were acquired at an average cost of C$5.38 per share, with a total value of C$1,396,848.39. 0.24% of the stock is owned by corporate insiders.

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.