Athabasca Oil (TSE:ATH) Upgraded by Royal Bank of Canada to “Moderate Buy” Rating

Royal Bank of Canada upgraded shares of Athabasca Oil (TSE:ATH) from a hold rating to a moderate buy rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, BMO Capital Markets lowered their price objective on Athabasca Oil from C$7.00 to C$6.00 in a research note on Thursday, March 6th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Athabasca Oil presently has an average rating of “Moderate Buy” and an average target price of C$6.25.

Athabasca Oil Stock Performance

Shares of ATH opened at C$4.82 on Monday. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54. The stock has a 50 day moving average price of C$5.03 and a two-hundred day moving average price of C$5.09. Athabasca Oil has a 52 week low of C$4.11 and a 52 week high of C$5.79. The firm has a market capitalization of C$2.51 billion, a P/E ratio of 11.34, a P/E/G ratio of -0.51 and a beta of 2.05.

Insider Activity

In related news, insider Athabasca Oil Corporation acquired 105,700 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of C$4.91 per share, with a total value of C$519,409.80. 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.