Analysts Set Athabasca Oil Co. (TSE:ATH) Price Target at C$6.25

Shares of Athabasca Oil Co. (TSE:ATH) have been given an average recommendation of “Moderate Buy” by the ten research firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$6.25.

A number of equities analysts have recently commented on the stock. Scotiabank set a C$6.50 target price on shares of Athabasca Oil and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. National Bankshares reduced their price objective on Athabasca Oil from C$7.50 to C$6.50 in a report on Friday, September 27th. Royal Bank of Canada upped their target price on Athabasca Oil from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. ATB Capital raised their price target on Athabasca Oil from C$7.00 to C$7.50 in a research note on Thursday, July 25th. Finally, TD Securities lowered their price objective on shares of Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, October 1st.

Insider Buying and Selling at Athabasca Oil

In other news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$5.57, for a total transaction of C$1,198,879.20. Also, insider Athabasca Oil Corporation acquired 259,700 shares of the stock in a transaction dated Friday, August 30th. The stock was acquired at an average cost of C$5.38 per share, with a total value of C$1,396,848.39. 0.24% of the stock is owned by insiders.

Athabasca Oil Trading Down 1.8 %

ATH stock opened at C$5.02 on Monday. Athabasca Oil has a 12 month low of C$3.36 and a 12 month high of C$5.72. The firm’s 50-day moving average is C$5.10 and its 200 day moving average is C$5.14. The company has a market capitalization of C$2.73 billion, a PE ratio of 33.47, a P/E/G ratio of -0.51 and a beta of 2.05. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.46 and a quick ratio of 1.24.

About Athabasca Oil

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.