Athabasca Oil Co. (TSE:ATH) Receives C$6.31 Average Price Target from Analysts

Athabasca Oil Co. (TSE:ATH) has earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$6.31.

Several research analysts have recently weighed in on ATH shares. BMO Capital Markets boosted their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 in a research note on Tuesday, January 14th. Royal Bank of Canada boosted their price objective on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st.

Insider Buying and Selling at Athabasca Oil

In other news, insider Athabasca Oil Corporation purchased 105,700 shares of the business’s stock in a transaction dated 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. Insiders own 0.24% of the company’s stock.

Athabasca Oil Stock Down 2.4 %

Athabasca Oil stock opened at C$4.86 on Wednesday. The firm has a market capitalization of C$2.53 billion, a PE ratio of 11.44, a P/E/G ratio of -0.51 and a beta of 2.05. The company’s 50-day moving average is C$5.13 and its 200-day moving average is C$5.16. Athabasca Oil has a fifty-two week low of C$4.44 and a fifty-two week high of C$5.79. 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 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.