Brokerages Set Athabasca Oil Co. (TSE:ATH) Price Target at C$6.31

Shares of Athabasca Oil Co. (TSE:ATH) have been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$6.31.

A number of equities research analysts have recently commented on the company. 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 report on Friday, November 1st. BMO Capital Markets raised their target price on shares of Athabasca Oil from C$6.50 to C$7.00 in a report on Tuesday, January 14th.

Insider Buying and Selling at Athabasca Oil

In related news, insider Athabasca Oil Corporation purchased 105,700 shares of Athabasca Oil stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of C$4.91 per share, with a total value of C$519,409.80. Company insiders own 0.24% of the company’s stock.

Athabasca Oil Price Performance

Shares of ATH stock opened at C$4.70 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55. Athabasca Oil has a 12-month low of C$4.44 and a 12-month high of C$5.79. The firm has a fifty day moving average of C$5.12 and a 200-day moving average of C$5.15. The firm has a market capitalization of C$2.44 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05.

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.