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

Athabasca Oil Co. (TSE:ATH) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$11.56.

Several analysts have commented on the company. Desjardins set a C$12.50 price objective on Athabasca Oil and gave the company a “hold” rating in a report on Friday, July 17th. Royal Bank Of Canada set a C$12.00 price objective on shares of Athabasca Oil and gave the company a “sector perform” rating in a report on Thursday, September 10th. Jefferies Financial Group set a C$14.00 target price on shares of Athabasca Oil and gave the company a “buy” rating in a research report on Thursday, June 4th. Finally, BMO Capital Markets cut shares of Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 target price for the company. in a research note on Wednesday, September 16th.

Athabasca Oil Price Performance

TSE:ATH opened at C$10.34 on Monday. The firm’s fifty day moving average is C$10.62 and its two-hundred day moving average is C$10.78. The firm has a market cap of C$4.98 billion, a price-to-earnings ratio of 22.00, a PEG ratio of -0.51 and a beta of -0.17. The company has a debt-to-equity ratio of 10.95, a quick ratio of 1.24 and a current ratio of 1.90. Athabasca Oil has a one year low of C$6.11 and a one year high of C$12.86.

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

Insider Buying and Selling at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 49,100 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average cost of C$10.67 per share, for a total transaction of C$523,897.00. Following the completion of the transaction, the insider owned 947,300 shares of the company’s stock, valued at C$10,107,691. The trade was a 5.47% increase in their position. Insiders have bought 856,900 shares of company stock valued at $9,173,562 over the last quarter. Company insiders own 0.24% of the company’s stock.

Athabasca Oil Company Profile

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol ‘ATH’.