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

Athabasca Oil Co. (TSE:ATH) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$9.21.

Several analysts have recently weighed in on the stock. Desjardins reduced their price objective on shares of Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating for the company in a research report on Friday, December 12th. National Bank Financial increased their target price on shares of Athabasca Oil from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Royal Bank Of Canada cut shares of Athabasca Oil from a “moderate buy” rating to a “hold” rating and boosted their price target for the company from C$7.00 to C$9.00 in a research report on Monday, February 23rd. Scotiabank upped their price objective on shares of Athabasca Oil from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Finally, TD Securities raised their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, March 6th.

Athabasca Oil Stock Up 2.1%

TSE:ATH traded up C$0.22 during midday trading on Monday, reaching C$10.91. The company had a trading volume of 4,472,655 shares, compared to its average volume of 2,782,941. Athabasca Oil has a 12-month low of C$4.05 and a 12-month high of C$11.16. The firm has a market capitalization of C$5.23 billion, a price-to-earnings ratio of 22.27, a PEG ratio of -0.51 and a beta of 0.51. The company has a current ratio of 1.78, a quick ratio of 1.24 and a debt-to-equity ratio of 11.38. The stock’s fifty day simple moving average is C$8.66 and its 200-day simple moving average is C$7.57.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.10 earnings per share (EPS) for the quarter. Athabasca Oil had a net margin of 18.29% and a return on equity of 13.86%. On average, sell-side analysts anticipate 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.