Analysts Set Athabasca Oil Co. (TSE:ATH) PT at C$6.31

Athabasca Oil Co. (TSE:ATH) has earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat Ratings 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 12 month price objective among brokers that have issued ratings on the stock in the last year is C$6.31.

A number of research firms have issued reports on ATH. Royal Bank of Canada raised 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 report on Friday, November 1st. BMO Capital Markets raised their target price on Athabasca Oil from C$6.50 to C$7.00 in a report on Tuesday, January 14th.

Athabasca Oil Price Performance

Shares of ATH opened at C$4.86 on Wednesday. The company has a 50 day moving average of C$5.13 and a two-hundred day moving average of C$5.16. The company has a market cap of C$2.53 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55. Athabasca Oil has a twelve month low of C$4.44 and a twelve month high of C$5.79.

Insider Activity at Athabasca Oil

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