Athabasca Oil Co. (TSE:ATH) Receives C$6.00 Average Target Price from Brokerages

Shares of Athabasca Oil Co. (TSE:ATH) have earned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$6.00.

ATH has been the subject of a number of research analyst reports. Desjardins downgraded Athabasca Oil from a “buy” rating to a “hold” rating and set a C$5.75 price target for the company. in a research report on Tuesday, April 23rd. TD Securities downgraded shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 price target on the stock. in a report on Tuesday, March 12th. Royal Bank of Canada downgraded shares of Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 price objective for the company. in a report on Tuesday, March 26th. BMO Capital Markets set a C$6.50 price objective on shares of Athabasca Oil and gave the stock an “outperform” rating in a research report on Monday, April 8th. Finally, ATB Capital raised their price target on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th.

Athabasca Oil Stock Performance

Shares of Athabasca Oil stock opened at C$5.05 on Thursday. The business has a 50 day moving average price of C$5.09 and a 200-day moving average price of C$4.47. Athabasca Oil has a 52 week low of C$2.54 and a 52 week high of C$5.59. The company has a market cap of C$2.86 billion, a PE ratio of -56.11, a price-to-earnings-growth ratio of -0.51 and a beta of 2.19. The company has a quick ratio of 1.24, a current ratio of 2.70 and a debt-to-equity ratio of 11.72.

Athabasca Oil (TSE:ATH) last released its quarterly earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share for the quarter. Athabasca Oil had a negative net margin of 4.29% and a negative return on equity of 3.11%. The company had revenue of C$315.93 million for the quarter. Equities analysts anticipate that Athabasca Oil will post 0.5260059 earnings per share for the current fiscal year.

Insider Transactions at Athabasca Oil

In related news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of Athabasca Oil stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$5.32, for a total value of C$130,340.00. Corporate insiders own 0.78% of the company’s stock.

Athabasca Oil Company Profile

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.