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

Shares of Athabasca Oil Co. (TSE:ATH) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$6.25.

ATH has been the topic of a number of analyst reports. Royal Bank of Canada lifted 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 note on Friday, November 1st. Raymond James upgraded shares of Athabasca Oil to a “hold” rating in a report on Thursday, October 17th. 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, October 15th. TD Securities decreased their price objective on shares of Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, October 1st. Finally, National Bankshares lowered their price objective on shares of Athabasca Oil from C$7.50 to C$6.50 in a research report on Friday, September 27th.

Athabasca Oil Price Performance

Shares of Athabasca Oil stock opened at C$5.02 on Friday. Athabasca Oil has a 52 week low of C$3.36 and a 52 week high of C$5.72. The company has a current ratio of 2.46, a quick ratio of 1.24 and a debt-to-equity ratio of 11.60. The company’s 50-day moving average price is C$5.13 and its two-hundred day moving average price is C$5.17. The stock has a market cap of C$2.73 billion, a PE ratio of 33.47, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05.

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.