Athabasca Oil Co. (TSE:ATH) Receives Consensus Rating of “Moderate Buy” from Analysts

Athabasca Oil Co. (TSE:ATH) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$6.31.

A number of brokerages have recently issued reports on ATH. BMO Capital Markets increased their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 in a research note on Tuesday, January 14th. Royal Bank of Canada increased their price target on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st.

Athabasca Oil Stock Performance

ATH opened at C$4.70 on Wednesday. The stock has a market cap of C$2.44 billion, a PE ratio of 11.06, a P/E/G ratio of -0.51 and a beta of 2.05. Athabasca Oil has a 1 year low of C$4.44 and a 1 year high of C$5.79. The stock’s 50 day simple moving average is C$5.12 and its 200-day simple moving average is C$5.15. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55.

Insider Activity at Athabasca Oil

In related news, insider Athabasca Oil Corporation acquired 105,700 shares of the stock in a transaction on Friday, January 31st. The stock was purchased at an average price of C$4.91 per share, for a total transaction of C$519,409.80. 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.