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

Shares of Athabasca Oil Co. (TSE:ATH) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$6.19.

Several research firms have commented on ATH. Royal Bank of Canada lowered their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, September 17th. Raymond James upgraded shares of Athabasca Oil to a “hold” rating in a research note on Thursday. National Bankshares cut their price target on Athabasca Oil from C$7.50 to C$6.50 in a research note on Friday, September 27th. TD Securities lowered their price objective on Athabasca Oil from C$6.00 to C$5.50 in a research report on Tuesday, October 1st. Finally, Scotiabank set a C$6.50 target price on Athabasca Oil and gave the stock an “outperform” rating in a research report on Tuesday, October 15th.

Athabasca Oil Stock Performance

Shares of Athabasca Oil stock opened at C$5.12 on Thursday. The stock has a market capitalization of C$2.78 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05. 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 business has a 50-day moving average of C$5.21 and a 200 day moving average of C$5.14. Athabasca Oil has a 12 month low of C$3.36 and a 12 month high of C$5.72.

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

Insiders Place Their Bets

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

About Athabasca Oil

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.