Brokerages Set Athabasca Oil Co. (TSE:ATH) PT at C$6.25

Athabasca Oil Co. (TSE:ATH) has earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$6.25.

ATH has been the subject of a number of recent research reports. BMO Capital Markets cut their price objective on shares of Athabasca Oil from C$7.00 to C$6.00 in a report on Thursday, March 6th. Royal Bank of Canada raised Athabasca Oil from a “hold” rating to a “moderate buy” rating in a report on Monday, March 10th.

Insider Transactions at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 105,700 shares of the stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of C$4.91 per share, for a total transaction of C$519,409.80. Insiders own 0.24% of the company’s stock.

Athabasca Oil Price Performance

Shares of TSE ATH opened at C$5.41 on Friday. The firm has a 50-day simple moving average of C$4.99 and a 200-day simple moving average of C$5.08. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55. The stock has a market capitalization of C$2.81 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05. Athabasca Oil has a 52 week low of C$4.11 and a 52 week high of C$5.79.

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.