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

Shares of Athabasca Oil Co. (TSE:ATH) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$6.36.

ATH has been the topic of a number of recent analyst reports. Royal Bank of Canada reduced their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a research report on Tuesday, September 17th. National Bankshares lifted their target price on Athabasca Oil from C$7.00 to C$7.50 in a report on Thursday, July 25th. ATB Capital boosted their target price on Athabasca Oil from C$7.00 to C$7.50 in a research note on Thursday, July 25th. Finally, TD Securities raised their price target on Athabasca Oil from C$5.50 to C$6.00 in a research report on Thursday, July 25th.

Athabasca Oil Trading Down 1.3 %

TSE ATH opened at C$5.24 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.24 and a debt-to-equity ratio of 11.60. Athabasca Oil has a 12 month low of C$3.36 and a 12 month high of C$5.72. The company has a market capitalization of C$2.85 billion, a PE ratio of 34.93, a P/E/G ratio of -0.51 and a beta of 2.08. The stock has a 50-day simple moving average of C$5.33 and a 200 day simple moving average of C$5.16.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings results on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 earnings per share for the quarter. Athabasca Oil had a net margin of 6.32% and a return on equity of 5.04%. The business had revenue of C$401.74 million for the quarter. Research analysts forecast that Athabasca Oil will post 0.7400821 EPS for the current year.

Insider Transactions at Athabasca Oil

In other news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the firm’s 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. In related news, insider Athabasca Oil Corporation bought 259,700 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average price of C$5.38 per share, with a total value of C$1,396,848.39. Also, 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 value of C$1,198,879.20. 0.55% of the stock is owned by insiders.

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.