Athabasca Oil Co. (TSE:ATH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Athabasca Oil Co. (TSE:ATH) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$6.25.

A number of research analysts have recently issued reports on ATH shares. BMO Capital Markets dropped their price target on shares of Athabasca Oil from C$7.00 to C$6.00 in a research report on Thursday, March 6th. Royal Bank of Canada upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating in a research report on Monday, March 10th.

Insider Activity

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 105,700 shares of the firm’s stock in a transaction on 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. 0.24% of the stock is currently owned by company insiders.

Athabasca Oil Stock Down 0.2 %

TSE:ATH opened at C$5.40 on Friday. The firm’s 50 day simple moving average is C$4.98 and its 200 day simple moving average is 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. Athabasca Oil has a one year low of C$4.11 and a one year high of C$5.79. The company has a market cap of C$2.81 billion, a PE ratio of 12.71, a P/E/G ratio of -0.51 and a beta of 2.05.

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.