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

Shares of Athabasca Oil Co. (TSE:ATH) have been given an average rating of “Hold” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$10.89.

ATH has been the topic of several recent analyst reports. National Bank Financial increased their price objective on shares of Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Jefferies Financial Group set a C$14.00 target price on shares of Athabasca Oil and gave the stock a “buy” rating in a report on Thursday, June 4th. Raymond James Financial upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and upped their target price for the stock from C$8.00 to C$13.00 in a research note on Monday, March 30th. Finally, Royal Bank Of Canada increased their price target on shares of 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.

Athabasca Oil Stock Up 3.4%

ATH stock opened at C$10.28 on Wednesday. The business has a 50 day moving average of C$11.27 and a 200 day moving average of C$9.62. The firm has a market cap of C$4.98 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of -0.51 and a beta of -0.19. Athabasca Oil has a twelve month low of C$5.43 and a twelve month high of C$12.86. The company has a quick ratio of 1.24, a current ratio of 1.74 and a debt-to-equity ratio of 11.35.

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

Insider Activity at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 48,800 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of C$10.30 per share, for a total transaction of C$502,640.00. Following the completion of the purchase, the insider directly owned 1,070,200 shares of the company’s stock, valued at C$11,023,060. This trade represents a 4.78% increase in their ownership of the stock. Over the last three months, insiders acquired 476,400 shares of company stock valued at $5,086,334. 0.24% of the stock is currently owned by company insiders.

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.