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

Athabasca Oil Co. (TSE:ATH) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$6.25.

A number of equities research analysts have recently weighed in on the stock. Raymond James upgraded shares of Athabasca Oil to a “hold” rating in a report on Thursday, October 17th. 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. Royal Bank of Canada boosted their price target on Athabasca Oil from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st. National Bankshares cut their price objective on shares of Athabasca Oil from C$7.50 to C$6.50 in a research report on Friday, September 27th. Finally, TD Securities decreased their price target on Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, October 1st.

Athabasca Oil Price Performance

Shares of TSE ATH opened at C$5.57 on Tuesday. The stock’s 50-day moving average is C$5.13 and its two-hundred day moving average is C$5.19. The company has a market cap of C$3.03 billion, a price-to-earnings ratio of 37.13, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05. Athabasca Oil has a 1-year low of C$4.03 and a 1-year high of C$5.72. 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 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.