Athabasca Oil Co. (TSE:ATH) Receives Consensus Rating of “Hold” from Brokerages

Shares of Athabasca Oil Co. (TSE:ATH) have earned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$10.89.

Several equities analysts have recently commented on the stock. Jefferies Financial Group set a C$14.00 price target on shares of Athabasca Oil and gave the company a “buy” rating in a report on Thursday, June 4th. TD Securities boosted their price target on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, March 6th. National Bank Financial boosted their price target on shares of Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Raymond James Financial upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and boosted their price target for the company from C$8.00 to C$13.00 in a report on Monday, March 30th. Finally, Royal Bank Of Canada boosted their price target on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a report on Friday, May 8th.

Athabasca Oil Trading Down 2.4%

TSE ATH opened at C$11.28 on Friday. Athabasca Oil has a twelve month low of C$5.43 and a twelve month high of C$12.86. The company has a debt-to-equity ratio of 11.35, a quick ratio of 1.24 and a current ratio of 1.74. The stock has a market cap of C$5.46 billion, a price-to-earnings ratio of 25.07, a PEG ratio of -0.51 and a beta of -0.22. The firm’s 50 day moving average price is C$11.43 and its two-hundred day moving average price is C$9.26.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 EPS for the quarter. Athabasca Oil had a net margin of 16.25% and a return on equity of 12.23%. The business had revenue of C$355.58 million for the quarter. Equities analysts anticipate that Athabasca Oil will post 0.5403473 EPS for the current year.

Insider Transactions at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation acquired 46,900 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average cost of C$11.00 per share, for a total transaction of C$515,900.00. Following the completion of the acquisition, the insider owned 957,400 shares of the company’s stock, valued at approximately C$10,531,400. This trade represents a 5.15% increase in their position. Insiders have acquired 182,900 shares of company stock valued at $2,053,950 in the last three months. Corporate insiders own 0.24% of the company’s stock.

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.