Brokerages Set Athabasca Oil Co. (TSE:ATH) Price Target at C$10.38

Shares of Athabasca Oil Co. (TSE:ATH) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$10.38.

A number of research firms recently weighed in on ATH. Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and upped their price target for the stock from C$8.00 to C$13.00 in a research note on Monday, March 30th. TD Securities upped their price target on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday, March 6th. Royal Bank Of Canada upped their price target on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, National Bank Financial boosted their price objective on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a report on Tuesday, March 31st.

Athabasca Oil Stock Down 5.2%

ATH stock opened at C$11.34 on Tuesday. The stock’s 50 day simple moving average is C$11.00 and its 200 day simple moving average is C$8.86. Athabasca Oil has a fifty-two week low of C$5.13 and a fifty-two week high of C$12.86. The company has a debt-to-equity ratio of 11.35, a quick ratio of 1.24 and a current ratio of 1.74. The company has a market cap of C$5.49 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of -0.51 and a beta of 0.12.

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 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 expect 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.