Brokerages Set Athabasca Oil Co. (TSE:ATH) Price Target at C$11.50

Shares of Athabasca Oil Co. (TSE:ATH) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$11.50.

Several brokerages have recently issued reports on ATH. Royal Bank Of Canada boosted their price objective on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Desjardins set a C$12.50 target price on Athabasca Oil and gave the company a “hold” rating in a research report on Friday, July 17th. Finally, Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the company a “buy” rating in a research note on Thursday, June 4th.

Athabasca Oil Trading Down 0.1%

Shares of TSE:ATH opened at C$9.91 on Friday. The company has a market cap of C$4.77 billion, a PE ratio of 21.09, a P/E/G ratio of -0.51 and a beta of -0.23. The company’s 50-day moving average price is C$10.70 and its 200 day moving average price is C$10.19. Athabasca Oil has a fifty-two week low of C$5.57 and a fifty-two week high of C$12.86. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 10.95.

Athabasca Oil (TSE:ATH) last posted its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share (EPS) for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The firm had revenue of C$306.54 million during the quarter. Sell-side analysts anticipate that Athabasca Oil will post 0.5403473 earnings per share for the current year.

Insider Activity

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 49,900 shares of the stock in a transaction dated Thursday, June 25th. The shares were bought at an average cost of C$10.18 per share, with a total value of C$507,982.00. Following the completion of the acquisition, the insider owned 922,900 shares of the company’s stock, valued at approximately C$9,395,122. This trade represents a 5.72% increase in their ownership of the stock. Insiders acquired a total of 866,800 shares of company stock valued at $9,255,265 over the last ninety days. 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.