Athabasca Oil Co. (TSE:ATH) Receives C$6.25 Average Price Target from Brokerages

Athabasca Oil Co. (TSE:ATH) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$6.25.

ATH has been the topic of a number of research analyst reports. Royal Bank of Canada raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating in a report on Monday, March 10th. BMO Capital Markets cut their price target on shares of Athabasca Oil from C$7.00 to C$6.00 in a report on Thursday, March 6th.

Insider Buying and Selling at Athabasca Oil

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

Athabasca Oil Stock Performance

TSE ATH opened at C$5.40 on Friday. The company has a fifty day moving average price of C$4.98 and a 200-day moving average price of C$5.08. The company has a debt-to-equity ratio of 12.55, a current ratio of 2.54 and a quick ratio of 1.24. The firm has a market cap of C$2.81 billion, a price-to-earnings ratio of 12.71, a PEG ratio of -0.51 and a beta of 2.05. Athabasca Oil has a 1 year low of C$4.11 and a 1 year high of C$5.79.

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.