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

Shares of Athabasca Oil Co. (TSE:ATH) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$6.19.

ATH has been the topic of several recent research reports. ATB Capital upped their price target on shares of Athabasca Oil from C$7.00 to C$7.50 in a report on Thursday, July 25th. Royal Bank of Canada lowered their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, September 17th. TD Securities lowered their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, October 1st. National Bankshares lowered their price target on shares of Athabasca Oil from C$7.50 to C$6.50 in a report on Friday, September 27th. Finally, 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.

Insider Buying and Selling

In related news, insider Athabasca Oil Corporation purchased 259,700 shares of Athabasca Oil stock in a transaction that occurred on 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. In other Athabasca Oil news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the stock in a transaction dated 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. Also, insider Athabasca Oil Corporation acquired 259,700 shares of the business’s stock in a transaction on Friday, August 30th. The stock was acquired at an average price of C$5.38 per share, with a total value of C$1,396,848.39. Insiders own 0.24% of the company’s stock.

Athabasca Oil Stock Performance

Shares of ATH stock opened at C$5.05 on Thursday. The business’s fifty day simple moving average is C$5.21 and its 200-day simple moving average is C$5.14. The company has a market cap of C$2.75 billion, a PE ratio of 33.67, a PEG ratio of -0.51 and a beta of 2.05. 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.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings data on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 earnings per share for the quarter. The firm had revenue of C$401.74 million for the quarter. Athabasca Oil had a net margin of 6.32% and a return on equity of 5.04%. Analysts expect that Athabasca Oil will post 0.5403473 earnings per share for the current fiscal year.

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.