Athabasca Oil Co. (TSE:ATH) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Athabasca Oil Co. (TSE:ATH) have received a consensus rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$6.25.

Several equities research analysts recently weighed in on the stock. BMO Capital Markets reduced their target price on shares of Athabasca Oil from C$7.00 to C$6.00 in a research note on Thursday, March 6th. Royal Bank of Canada upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 10th.

Athabasca Oil Trading Up 15.2 %

Shares of Athabasca Oil stock opened at C$4.85 on Thursday. Athabasca Oil has a 1 year low of C$4.05 and a 1 year high of C$5.79. The company’s fifty day simple moving average is C$4.96 and its 200-day simple moving average is C$5.08. The company has a market cap of C$2.52 billion, a price-to-earnings ratio of 11.41, a PEG ratio of -0.51 and a beta of 2.05. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55.

Insiders Place Their Bets

In other Athabasca Oil news, insider Athabasca Oil Corporation acquired 105,700 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average cost of C$4.91 per share, for a total transaction of C$519,409.80. Company insiders own 0.24% of the company’s stock.

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.