Athabasca Oil Co. (TSE:ATH) Receives Consensus Rating of “Hold” from Brokerages

Shares of Athabasca Oil Co. (TSE:ATH) have been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$11.50.

A number of research firms recently commented on ATH. Jefferies Financial Group set a C$14.00 price target on shares of Athabasca Oil and gave the company a “buy” rating in a report on Thursday, June 4th. Desjardins set a C$12.50 price target on shares of Athabasca Oil and gave the stock a “hold” rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada boosted their price objective 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.

Athabasca Oil Price Performance

Shares of TSE:ATH opened at C$10.68 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 10.95. The stock has a market cap of C$5.14 billion, a PE ratio of 22.72, a PEG ratio of -0.51 and a beta of -0.23. The company’s fifty day moving average is C$10.52 and its 200 day moving average is C$10.47. Athabasca Oil has a 52 week low of C$5.98 and a 52 week high of C$12.86.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share (EPS) for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The business had revenue of C$306.54 million during the quarter. Research analysts anticipate that Athabasca Oil will post 0.5403473 earnings per share for the current year.

Insider Buying and Selling at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation acquired 43,500 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were purchased at an average cost of C$10.41 per share, for a total transaction of C$452,835.00. Following the transaction, the insider owned 993,600 shares in the company, valued at C$10,343,376. This represents a 4.58% increase in their ownership of the stock. In the last 90 days, insiders purchased 730,800 shares of company stock valued at $7,717,215. 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.