Athabasca Oil Co. (TSE:ATH) Stock Has Average Target Price of C$11.56

Athabasca Oil Co. (TSE:ATH) has earned a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$11.56.

A number of research firms have recently weighed in on ATH. Desjardins set a C$12.50 price objective on Athabasca Oil and gave the company a “hold” rating in a research note on Friday, July 17th. Jefferies Financial Group set a C$14.00 target price on shares of Athabasca Oil and gave the stock a “buy” rating in a research note on Thursday, June 4th. BMO Capital Markets lowered shares of Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 price target for the company. in a report on Wednesday, September 16th. Finally, Royal Bank Of Canada set a C$12.00 price target on shares of Athabasca Oil and gave the company a “sector perform” rating in a research report on Thursday, September 10th.

Athabasca Oil Stock Up 1.8%

ATH opened at C$10.34 on Monday. Athabasca Oil has a 12 month low of C$6.11 and a 12 month high of C$12.86. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95. The business’s 50-day moving average price is C$10.62 and its 200-day moving average price is C$10.77. The company has a market cap of C$4.98 billion, a P/E ratio of 22.00, a P/E/G ratio of -0.51 and a beta of -0.17.

Athabasca Oil (TSE:ATH) last issued its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share for the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%.The company had revenue of C$306.54 million during the quarter. On average, equities analysts expect that Athabasca Oil will post 0.5403473 EPS for the current year.

Insider Activity

In other news, insider Athabasca Oil Corporation acquired 49,100 shares of the stock in a transaction dated Friday, August 28th. The stock was purchased at an average cost of C$10.67 per share, with a total value of C$523,897.00. Following the completion of the purchase, the insider owned 947,300 shares in the company, valued at approximately C$10,107,691. The trade was a 5.47% increase in their position. Insiders have bought a total of 905,800 shares of company stock valued at $9,674,787 in the last 90 days. 0.24% of the stock is currently owned by insiders.

Athabasca Oil Company Profile

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol ‘ATH’.