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

Athabasca Oil Co. (TSE:ATH) has earned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$6.25.

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

Athabasca Oil Stock Up 1.6 %

TSE ATH opened at C$5.15 on Tuesday. Athabasca Oil has a 52 week low of C$4.03 and a 52 week high of C$5.72. The company has a quick ratio of 1.24, a current ratio of 2.46 and a debt-to-equity ratio of 11.60. The business’s fifty day simple moving average is C$5.11 and its 200-day simple moving average is C$5.18. The firm has a market cap of C$2.80 billion, a PE ratio of 34.33, a P/E/G ratio of -0.51 and a beta of 2.05.

About Athabasca Oil

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.