Athabasca Oil Co. (TSE:ATH) Given Average Recommendation of “Hold” by Analysts

Shares of Athabasca Oil Co. (TSE:ATH) have earned a consensus rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$10.38.

Several analysts recently weighed in on ATH shares. National Bank Financial lifted their price objective on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Scotiabank lifted their price objective on Athabasca Oil from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. TD Securities lifted their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, March 6th. Royal Bank Of Canada lifted their price objective on 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. Finally, Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and lifted their price objective for the company from C$8.00 to C$13.00 in a report on Monday, March 30th.

Athabasca Oil Stock Performance

ATH stock opened at C$12.41 on Tuesday. The company has a debt-to-equity ratio of 11.35, a current ratio of 1.74 and a quick ratio of 1.24. The business has a 50-day moving average price of C$10.69 and a 200 day moving average price of C$8.68. The company has a market capitalization of C$6.01 billion, a P/E ratio of 27.58, a PEG ratio of -0.51 and a beta of 0.12. Athabasca Oil has a 1-year low of C$5.03 and a 1-year high of C$12.45.

Athabasca Oil (TSE:ATH) last released its quarterly earnings data on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. The firm had revenue of C$355.58 million during the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%. As a group, equities research analysts forecast that Athabasca Oil will post 0.5403473 EPS for the current fiscal year.

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.