Brokerages Set Athabasca Oil Co. (TSE:ATH) Target Price at C$6.31

Athabasca Oil Co. (TSE:ATH) has earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat.com reports. Four investment 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 12 month price objective among brokerages that have covered the stock in the last year is C$6.31.

A number of brokerages have recently weighed in on ATH. BMO Capital Markets lifted their price target on shares of Athabasca Oil from C$6.50 to C$7.00 in a research report on Tuesday, January 14th. Royal Bank of Canada lifted their price target on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st.

Insider Activity at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 105,700 shares of the stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of C$4.91 per share, for a total transaction of C$519,409.80. 0.24% of the stock is currently owned by insiders.

Athabasca Oil Price Performance

ATH opened at C$4.86 on Wednesday. The company has a fifty day moving average price of C$5.13 and a two-hundred day moving average price of C$5.16. The firm has a market capitalization of C$2.53 billion, a PE ratio of 11.44, a P/E/G ratio of -0.51 and a beta of 2.05. Athabasca Oil has a 52 week low of C$4.44 and a 52 week high of C$5.79. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54.

Athabasca Oil Company Profile

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.