Athabasca Oil Co. (TSE:ATH) Receives C$6.14 Average Target Price from Analysts

Athabasca Oil Co. (TSE:ATHGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, reports. Three equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$6.14.

Several equities research analysts recently commented on ATH shares. BMO Capital Markets set a C$6.50 price target on shares of Athabasca Oil and gave the stock an “outperform” rating in a report on Monday, April 8th. TD Securities cut Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 price objective on the stock. in a report on Tuesday, March 12th. National Bank Financial raised Athabasca Oil from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 9th. National Bankshares raised Athabasca Oil from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$6.50 to C$7.00 in a research note on Thursday, May 9th. Finally, Royal Bank of Canada downgraded Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 price objective for the company. in a research note on Tuesday, March 26th.

View Our Latest Analysis on ATH

Athabasca Oil Stock Performance

Shares of TSE ATH opened at C$5.02 on Friday. Athabasca Oil has a 1 year low of C$2.54 and a 1 year high of C$5.59. The company has a debt-to-equity ratio of 11.54, a quick ratio of 1.24 and a current ratio of 2.27. The company’s fifty day moving average price is C$4.97 and its 200 day moving average price is C$4.69. The company has a market capitalization of C$2.81 billion, a PE ratio of 62.75, a price-to-earnings-growth ratio of -0.51 and a beta of 2.18.

Athabasca Oil (TSE:ATHGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The oil and gas exploration company reported C$0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.07. The company had revenue of C$311.12 million during the quarter. Athabasca Oil had a return on equity of 2.65% and a net margin of 3.63%. On average, research analysts predict that Athabasca Oil will post 0.5296656 earnings per share for the current year.

Insiders Place Their Bets

In other Athabasca Oil news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of C$5.32, for a total value of C$130,340.00. 0.64% of the stock is currently owned by corporate insiders.

About Athabasca Oil

(Get Free Report

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.

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Analyst Recommendations for Athabasca Oil (TSE:ATH)

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