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

Athabasca Oil Co. (TSE:ATH) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$6.25.

ATH has been the subject of several recent research reports. Royal Bank of Canada upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating in a report on Monday, March 10th. BMO Capital Markets lowered their target price on Athabasca Oil from C$7.00 to C$6.00 in a research note on Thursday, March 6th.

Insider Buying and Selling at Athabasca Oil

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

Athabasca Oil Stock Up 1.5 %

ATH stock opened at C$5.27 on Friday. The company has a 50 day moving average of C$4.99 and a two-hundred day moving average of C$5.08. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55. Athabasca Oil has a 12-month low of C$4.11 and a 12-month high of C$5.79. The company has a market cap of C$2.74 billion, a price-to-earnings ratio of 12.40, a PEG ratio of -0.51 and a beta of 2.05.

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.