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

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

A number of brokerages recently weighed in on ATH. Jefferies Financial Group set a C$14.00 price objective on Athabasca Oil and gave the stock a “buy” rating in a research note on Thursday, June 4th. National Bank Financial lifted their target price on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Raymond James Financial upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$8.00 to C$13.00 in a report 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 research report on Friday, May 8th.

Insider Activity at Athabasca Oil

In other news, insider Athabasca Oil Corporation acquired 49,900 shares of Athabasca Oil stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average price of C$10.18 per share, for a total transaction of C$507,982.00. Following the purchase, the insider directly owned 922,900 shares in the company, valued at C$9,395,122. The trade was a 5.72% increase in their position. In the last three months, insiders have purchased 476,400 shares of company stock worth $5,086,334. Insiders own 0.24% of the company’s stock.

Athabasca Oil Stock Performance

Shares of TSE:ATH opened at C$10.93 on Wednesday. The company has a market capitalization of C$5.29 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of -0.51 and a beta of -0.19. Athabasca Oil has a 52 week low of C$5.43 and a 52 week 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. The firm has a 50 day moving average of C$11.16 and a 200 day moving average of C$9.75.

Athabasca Oil (TSE:ATH) last announced its earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share (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, sell-side analysts predict that Athabasca Oil will post 0.5403473 earnings per share for the current fiscal year.

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.