Shares of Athabasca Oil Co. (TSE:ATH – Get Free Report) have earned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$6.31.
Several equities analysts recently weighed in on the stock. TD Securities cut their price objective on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Scotiabank set a C$6.50 price objective on shares of Athabasca Oil and gave the company an “outperform” rating in a report on Tuesday, October 15th. Raymond James upgraded shares of Athabasca Oil to a “hold” rating in a report on Thursday, October 17th. BMO Capital Markets increased their target price on shares of Athabasca Oil from C$6.50 to C$7.00 in a report on Tuesday, January 14th. Finally, Royal Bank of Canada increased their target price on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st.
Get Our Latest Stock Analysis on Athabasca Oil
Athabasca Oil Price Performance
Athabasca Oil (TSE:ATH – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The oil and gas exploration company reported C$0.12 earnings per share for the quarter. Athabasca Oil had a net margin of 6.32% and a return on equity of 5.04%. Sell-side analysts forecast that Athabasca Oil will post 0.5403473 EPS for the current fiscal year.
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.
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