Brokerages Set Athabasca Oil Co. (TSE:ATH) PT at C$6.25

Athabasca Oil Co. (TSE:ATH) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$6.25.

A number of equities analysts recently weighed in on ATH shares. Royal Bank of Canada increased their price objective on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. National Bankshares lowered their price target on Athabasca Oil from C$7.50 to C$6.50 in a research report on Friday, September 27th. Raymond James upgraded Athabasca Oil to a “hold” rating in a report on Thursday, October 17th. TD Securities lowered their target price on 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 research note on Tuesday, October 15th.

Athabasca Oil Trading Up 3.6 %

TSE ATH opened at C$5.52 on Tuesday. Athabasca Oil has a 12 month low of C$4.03 and a 12 month high of C$5.72. The stock has a market capitalization of C$3.00 billion, a P/E ratio of 36.80, a PEG ratio of -0.51 and a beta of 2.05. The firm’s 50-day moving average is C$5.12 and its two-hundred day moving average is C$5.19. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.46 and a quick ratio of 1.24.

About Athabasca Oil

Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.