Athabasca Oil Co. (TSE:ATH) Stock Has Average Target Price of C$11.44

Athabasca Oil Co. (TSE:ATH) has earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$11.44.

Several equities research analysts have recently commented on ATH shares. Desjardins set a C$12.50 price target on shares of Athabasca Oil and gave the company a “hold” rating in a research report on Friday, July 17th. Raymond James Financial cut shares of Athabasca Oil from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from C$14.00 to C$12.00 in a research note on Thursday. BMO Capital Markets downgraded shares of Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 price objective on the stock. in a report on Wednesday, September 16th. Royal Bank Of Canada set a C$12.00 target price on shares of Athabasca Oil and gave the company a “sector perform” rating in a research report on Thursday, September 10th. Finally, TD cut shares of Athabasca Oil from a “hold” rating to a “tender” rating and upped their target price for the company from C$11.00 to C$12.00 in a report on Tuesday, October 6th.

Insider Buying and Selling at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 49,500 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were acquired at an average price of C$10.14 per share, for a total transaction of C$501,930.00. Following the purchase, the insider directly owned 742,100 shares of the company’s stock, valued at C$7,524,894. The trade was a 7.15% increase in their position. In the last 90 days, insiders have acquired 1,150,600 shares of company stock worth $12,167,863. Company insiders own 0.24% of the company’s stock.

Athabasca Oil Stock Down 0.6%

Athabasca Oil stock opened at C$12.07 on Friday. Athabasca Oil has a one year low of C$6.11 and a one year high of C$12.86. The stock has a fifty day moving average of C$10.92 and a 200 day moving average of C$10.98. The company has a debt-to-equity ratio of 10.95, a quick ratio of 1.24 and a current ratio of 1.90. The stock has a market cap of C$5.81 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of -0.51 and a beta of 0.10.

Athabasca Oil (TSE:ATH) last announced its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share (EPS) for the quarter. The business had revenue of C$306.54 million for the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%. As a group, sell-side analysts predict that Athabasca Oil will post 0.54 EPS for the current year.

About Athabasca Oil

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’.