Athabasca Oil Co. (TSE:ATH) Given Consensus Recommendation of “Hold” by Brokerages

Athabasca Oil Co. (TSE:ATH) has received a consensus rating of “Hold” from the seven research firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$10.89.

ATH has been the topic of several research reports. TD Securities upped their price target on Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, March 6th. Jefferies Financial Group set a C$14.00 price target on Athabasca Oil and gave the company a “buy” rating in a report on Thursday, June 4th. Royal Bank Of Canada upped their price target on Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a report on Friday, May 8th. National Bank Financial upped their price target on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Finally, Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and upped their price target for the company from C$8.00 to C$13.00 in a report on Monday, March 30th.

Insider Activity

In other news, insider Athabasca Oil Corporation acquired 46,900 shares of the stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of C$11.00 per share, for a total transaction of C$515,900.00. Following the transaction, the insider owned 957,400 shares in the company, valued at approximately C$10,531,400. This trade represents a 5.15% increase in their position. Insiders acquired a total of 182,900 shares of company stock valued at $2,053,950 over the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Athabasca Oil Price Performance

TSE ATH opened at C$11.28 on Friday. The stock has a market capitalization of C$5.46 billion, a P/E ratio of 25.07, a P/E/G ratio of -0.51 and a beta of -0.22. Athabasca Oil has a 1 year low of C$5.43 and a 1 year high of C$12.86. The business’s fifty day moving average is C$11.43 and its two-hundred day moving average is C$9.26. The company has a debt-to-equity ratio of 11.35, a quick ratio of 1.24 and a current ratio of 1.74.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share (EPS) for the quarter. The company had revenue of C$355.58 million for the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%. On average, research analysts forecast that Athabasca Oil will post 0.5403473 earnings per share 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.