Athabasca Oil (TSE:ATH) Stock Rating Upgraded by Royal Bank of Canada

Athabasca Oil (TSE:ATH) was upgraded by equities research analysts at Royal Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, BMO Capital Markets lowered their price objective on Athabasca Oil from C$7.00 to C$6.00 in a research report on Thursday, March 6th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.25.

Athabasca Oil Price Performance

Shares of TSE ATH opened at C$4.82 on Monday. The business’s 50 day moving average price is C$5.03 and its 200 day moving average price is C$5.09. The firm has a market cap of C$2.51 billion, a P/E ratio of 11.34, a P/E/G ratio of -0.51 and a beta of 2.05. Athabasca Oil has a 52 week low of C$4.11 and a 52 week high of C$5.79. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55.

Insiders Place Their Bets

In related news, insider Athabasca Oil Corporation acquired 105,700 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was acquired at an average price of C$4.91 per share, for a total transaction of C$519,409.80. Corporate insiders own 0.24% of the company’s stock.

Athabasca Oil Company Profile

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.