Shares of Athabasca Oil Co. (TSE:ATH – Get Free Report) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$6.25.
Several analysts recently weighed in on ATH shares. 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 reduced their target price on shares of Athabasca Oil from C$7.00 to C$6.00 in a report on Thursday, March 6th.
Read Our Latest Research Report on Athabasca Oil
Athabasca Oil Stock Up 2.0 %
Insiders Place Their Bets
In other Athabasca Oil news, insider Athabasca Oil Corporation bought 105,700 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of C$4.91 per share, with a total value of C$519,409.80. 0.24% of the stock is owned by corporate insiders.
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.
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