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

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

A number of equities analysts have recently weighed in on the company. Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$8.00 to C$13.00 in a research note on Monday, March 30th. Royal Bank Of Canada boosted their target price on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a report on Friday, May 8th. TD Securities boosted their target price on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, March 6th. National Bank Financial boosted their price target 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 stock a “buy” rating in a research report on Thursday, June 4th.

Insider Activity at Athabasca Oil

In other news, insider Athabasca Oil Corporation acquired 46,900 shares of the stock in a transaction dated Friday, May 29th. The stock was purchased at an average cost of C$11.00 per share, with a total value of C$515,900.00. Following the completion of the purchase, the insider owned 957,400 shares in the company, valued at approximately C$10,531,400. The trade was a 5.15% increase in their position. Insiders have bought 182,900 shares of company stock worth $2,053,950 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Athabasca Oil Stock Up 1.5%

Shares of TSE:ATH opened at C$10.70 on Friday. The business has a fifty day simple moving average of C$11.43 and a 200 day simple moving average of C$9.36. Athabasca Oil has a 12-month low of C$5.43 and a 12-month high of C$12.86. The company has a quick ratio of 1.24, a current ratio of 1.74 and a debt-to-equity ratio of 11.35. The firm has a market cap of C$5.18 billion, a P/E ratio of 23.78, a P/E/G ratio of -0.51 and a beta of -0.22.

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

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.