Athabasca Oil Co. (TSE:ATH) Stock Now Rated “Reduce” by Sell-Side Brokerages

Athabasca Oil Co. (TSE:ATH) has received a consensus recommendation of “Reduce” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$11.22.

A number of research analysts recently weighed in on the stock. Jefferies Financial Group downgraded shares of Athabasca Oil from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$13.00 to C$12.00 in a research report on Monday, October 19th. Raymond James Financial downgraded shares of Athabasca Oil from a “moderate buy” rating to a “hold” rating and cut their target price for the stock from C$14.00 to C$12.00 in a research report on Thursday, October 15th. National Bank Financial downgraded shares of Athabasca Oil from an “outperform” rating to a “tender” rating and cut their target price for the stock from C$13.75 to C$12.00 in a research report on Wednesday, October 7th. TD lowered shares of Athabasca Oil from a “hold” rating to a “tender” rating and boosted their target price for the company from C$11.00 to C$12.00 in a research note on Tuesday, October 6th. Finally, Royal Bank Of Canada set a C$12.00 price target on Athabasca Oil and gave the company a “sector perform” rating in a report on Thursday, September 10th.

Athabasca Oil Stock Performance

Shares of TSE ATH opened at C$11.50 on Tuesday. The firm’s 50-day moving average price is C$11.32 and its 200-day moving average price is C$10.55. The company has a quick ratio of 1.24, a current ratio of 1.75 and a debt-to-equity ratio of 11.07. The company has a market cap of C$5.52 billion, a PE ratio of 23.47, a PEG ratio of -0.51 and a beta of 0.02. Athabasca Oil has a 52-week low of C$6.22 and a 52-week high of C$12.86.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings results on Wednesday, October 28th. The oil and gas exploration company reported C$0.16 EPS for the quarter. Athabasca Oil had a net margin of 17.03% and a return on equity of 12.76%. The firm had revenue of C$360.89 million during the quarter. As a group, analysts anticipate that Athabasca Oil will post 0.54 EPS for the current year.

Insider Activity at Athabasca Oil

In other news, insider Athabasca Oil Corporation acquired 48,700 shares of Athabasca Oil stock in a transaction that occurred on Tuesday, September 29th. The stock was bought at an average price of C$10.28 per share, for a total transaction of C$500,636.00. Following the completion of the transaction, the insider owned 985,700 shares in the company, valued at C$10,132,996. The trade was a 5.20% increase in their ownership of the stock. Insiders acquired a total of 760,200 shares of company stock valued at $7,998,932 over the last three months. Insiders own 0.24% of the company’s stock.

About Athabasca Oil

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol ‘ATH’.