Athabasca Oil Co. (TSE:ATH) Receives C$6.19 Consensus Price Target from Analysts

Shares of Athabasca Oil Co. (TSE:ATH) have been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$6.19.

Several equities analysts recently issued reports on the stock. Royal Bank of Canada decreased their target price on shares of Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, September 17th. National Bankshares cut their price target on shares of Athabasca Oil from C$7.50 to C$6.50 in a report on Friday, September 27th. ATB Capital boosted their price target on shares of Athabasca Oil from C$7.00 to C$7.50 in a report on Thursday, July 25th. TD Securities cut their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Finally, Scotiabank set a C$6.50 price target on shares of Athabasca Oil and gave the stock an “outperform” rating in a report on Tuesday, October 15th.

Insider Transactions at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation bought 259,700 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was acquired at an average price of C$5.38 per share, with a total value of C$1,396,848.39. In related news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$5.57, for a total value of C$1,198,879.20. Also, insider Athabasca Oil Corporation acquired 259,700 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average cost of C$5.38 per share, with a total value of C$1,396,848.39. Insiders own 0.24% of the company’s stock.

Athabasca Oil Stock Performance

ATH opened at C$5.15 on Thursday. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.46 and a quick ratio of 1.24. The firm has a fifty day moving average price of C$5.20 and a 200 day moving average price of C$5.14. Athabasca Oil has a 1 year low of C$3.36 and a 1 year high of C$5.72. The stock has a market cap of C$2.80 billion, a P/E ratio of 34.27, a P/E/G ratio of -0.51 and a beta of 2.05.

Athabasca Oil (TSE:ATH) last posted its earnings results on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 earnings per share (EPS) for the quarter. Athabasca Oil had a net margin of 6.32% and a return on equity of 5.04%. The firm had revenue of C$401.74 million during the quarter. Equities research analysts anticipate that Athabasca Oil will post 0.5403473 earnings per share for the current year.

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.