Brokerages Set Athabasca Oil Co. (TSE:ATH) PT at C$6.43

Shares of Athabasca Oil Co. (TSE:ATH) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$6.43.

A number of research firms have issued reports on ATH. National Bank Financial raised shares of Athabasca Oil from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 9th. TD Securities raised their price objective on Athabasca Oil from C$5.50 to C$6.00 in a research note on Thursday, July 25th. National Bankshares upped their target price on Athabasca Oil from C$7.00 to C$7.50 in a research report on Thursday, July 25th. Finally, ATB Capital raised their price target on Athabasca Oil from C$7.00 to C$7.50 in a research report on Thursday, July 25th.

Athabasca Oil Price Performance

Shares of TSE ATH opened at C$5.16 on Wednesday. The business’s 50 day moving average is C$5.36 and its 200-day moving average is C$5.13. The firm has a market cap of C$2.81 billion, a P/E ratio of 34.40, a price-to-earnings-growth ratio of -0.51 and a beta of 2.10. Athabasca Oil has a 1-year low of C$3.36 and a 1-year 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.

Athabasca Oil (TSE:ATH) last posted 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 return on equity of 5.04% and a net margin of 6.32%. Equities research analysts predict that Athabasca Oil will post 0.5450942 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer Robert Anthony Broen sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of C$5.01, for a total value of C$501,000.00. In other news, Senior Officer Robert Anthony Broen sold 100,000 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$5.01, for a total transaction of C$501,000.00. Also, insider Athabasca Oil Corporation acquired 259,700 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average cost of C$5.38 per share, for a total transaction of C$1,396,848.39. Insiders own 0.55% of the company’s stock.

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.