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

Shares of Athabasca Oil Co. (TSE:ATH) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$10.89.

Several brokerages have issued reports on ATH. Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$8.00 to C$13.00 in a research report on Monday, March 30th. Royal Bank Of Canada increased their price objective on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. National Bank Financial boosted their target price on shares of Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Finally, Jefferies Financial Group set a C$14.00 target price on shares of Athabasca Oil and gave the company a “buy” rating in a report on Thursday, June 4th.

Athabasca Oil Trading Up 3.4%

TSE:ATH opened at C$10.28 on Wednesday. The company has a market cap of C$4.98 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of -0.51 and a beta of -0.19. The company has a current ratio of 1.74, a quick ratio of 1.24 and a debt-to-equity ratio of 11.35. The company has a 50 day simple moving average of C$11.27 and a two-hundred day simple moving average of C$9.62. Athabasca Oil has a 12 month low of C$5.43 and a 12 month high of C$12.86.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings data on Thursday, May 7th. The oil and gas exploration company reported C$0.10 EPS for the quarter. The company 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%. Research analysts forecast that Athabasca Oil will post 0.5403473 earnings per share for the current year.

Insider Activity at Athabasca Oil

In related news, insider Athabasca Oil Corporation bought 48,800 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were bought at an average cost of C$10.30 per share, for a total transaction of C$502,640.00. Following the completion of the transaction, the insider owned 1,070,200 shares of the company’s stock, valued at approximately C$11,023,060. This trade represents a 4.78% increase in their ownership of the stock. In the last ninety days, insiders acquired 476,400 shares of company stock valued at $5,086,334. Corporate insiders own 0.24% of the company’s stock.

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.