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

Athabasca Oil Co. (TSE:ATH) has received a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$11.50.

A number of research analysts have recently commented on the stock. 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. Jefferies Financial Group set a C$14.00 price objective on Athabasca Oil and gave the stock a “buy” rating in a research report on Thursday, June 4th. Finally, Royal Bank Of Canada lifted their price objective on Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research note on Friday, May 8th.

Athabasca Oil Trading Down 1.4%

Shares of Athabasca Oil stock opened at C$10.90 on Thursday. The company’s 50-day moving average price is C$10.54 and its 200-day moving average price is C$10.55. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95. Athabasca Oil has a 12-month low of C$5.98 and a 12-month high of C$12.86. The company has a market cap of C$5.25 billion, a price-to-earnings ratio of 23.19, a PEG ratio of -0.51 and a beta of -0.23.

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

Key Headlines Impacting Athabasca Oil

Here are the key news stories impacting Athabasca Oil this week:

• Positive Sentiment: Heavy insider buying suggests management confidence: Athabasca Oil Corporation purchased 417,700 ATH shares in nine open-market transactions from Aug. 19 through Aug. 31, investing approximately C$4.50 million at prices ranging from C$10.54 to C$11.06 per share. The latest purchase involved 43,800 shares for C$473,040. The insider’s reported holdings increased to 994,200 shares. Repeated purchases of roughly C$500,000 each may support investor sentiment by signaling that insiders view the stock as attractively valued. Athabasca Oil insider purchases
• Neutral Sentiment: Analyst consensus remains “Hold”: The average analyst target is C$11.50, with ratings consisting of three Buys and four Holds. Individual targets range from C$12.50 at Desjardins and RBC to C$14.00 at Jefferies, but the consensus indicates limited conviction in a near-term revaluation. Athabasca Oil analyst consensus
• Neutral Sentiment: Critical-minerals possibility is longer term: Research suggests oil-sands waste could contain valuable critical minerals. While this may eventually create an additional resource opportunity for Canadian oil-sands operators, the report identifies no specific Athabasca project, financial benefit, or near-term earnings impact. Oil-sands waste critical-minerals research

Insider Buying and Selling at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 46,900 shares of the stock in a transaction on Monday, August 31st. The shares were purchased at an average price of C$10.68 per share, with a total value of C$500,892.00. Following the acquisition, the insider directly owned 994,200 shares in the company, valued at approximately C$10,618,056. The trade was a 4.95% increase in their position. Over the last 90 days, insiders bought 1,101,600 shares of company stock valued at $11,703,306. 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’.