Analysts Set Athabasca Oil Co. (TSE:ATH) Target Price at C$6.00

Shares of Athabasca Oil Co. (TSE:ATH) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$6.00.

A number of brokerages have issued reports on ATH. ATB Capital lifted their price objective on Athabasca Oil from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. Desjardins cut Athabasca Oil from a “buy” rating to a “hold” rating and set a C$5.75 price objective for the company. in a research note on Tuesday, April 23rd. Stifel Nicolaus lifted their price objective on Athabasca Oil from C$5.00 to C$5.75 and gave the company a “buy” rating in a research note on Monday, March 4th. TD Securities cut Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 price target for the company. in a research note on Tuesday, March 12th. Finally, Royal Bank of Canada cut Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 price target for the company. in a research note on Tuesday, March 26th.

Insider Buying and Selling at Athabasca Oil

In related news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of C$5.32, for a total value of C$130,340.00. 0.78% of the stock is currently owned by corporate insiders.

Athabasca Oil Price Performance

Shares of ATH stock opened at C$4.98 on Thursday. The firm has a market cap of C$2.82 billion, a P/E ratio of -55.33, a P/E/G ratio of -0.51 and a beta of 2.19. Athabasca Oil has a fifty-two week low of C$2.54 and a fifty-two week high of C$5.59. The business’s 50 day moving average price is C$5.10 and its 200-day moving average price is C$4.48. The company has a debt-to-equity ratio of 11.72, a quick ratio of 1.24 and a current ratio of 2.70.

Athabasca Oil (TSE:ATH) last released its quarterly earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share for the quarter. Athabasca Oil had a negative return on equity of 3.11% and a negative net margin of 4.29%. The company had revenue of C$315.93 million for the quarter. On average, equities research analysts anticipate that Athabasca Oil will post 0.5260059 earnings per share for the current year.

About Athabasca Oil

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.