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

Shares of Athabasca Oil Co. (TSE:ATH) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$6.25.

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

Athabasca Oil Stock Up 3.6 %

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

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.