Athabasca Oil (TSE:ATH) Shares Climb 0.4% – Should You Buy?

Athabasca Oil Co. (TSE:ATH)’s share price was up 0.4% during mid-day trading on Monday. The company traded as high as C$11.52 and last traded at C$11.50. Approximately 5,811,203 shares were traded during mid-day trading, an increase of 90% from the average daily volume of 3,051,852 shares. The stock had previously closed at C$11.45.

Analyst Ratings Changes

A number of brokerages recently commented on ATH. National Bank Financial cut shares of Athabasca Oil from an “outperform” rating to a “tender” rating and decreased their target price for the stock from C$13.75 to C$12.00 in a research report on Wednesday, October 7th. TD cut Athabasca Oil from a “hold” rating to a “tender” rating and raised their price objective for the company from C$11.00 to C$12.00 in a research note on Tuesday, October 6th. BMO Capital Markets cut Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 price objective on the stock. in a research note on Wednesday, September 16th. Raymond James Financial downgraded Athabasca Oil from a “moderate buy” rating to a “hold” rating and decreased their price objective for the stock from C$14.00 to C$12.00 in a report on Thursday, October 15th. Finally, TD Securities lowered Athabasca Oil from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Six investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of C$11.22.

Athabasca Oil Stock Up 1.1%

The company has a market capitalization of C$5.58 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of -0.51 and a beta of 0.02. The company has a current ratio of 1.75, a quick ratio of 1.24 and a debt-to-equity ratio of 11.07. The stock’s fifty day moving average is C$11.34 and its 200 day moving average is C$10.57.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings results on Wednesday, October 28th. The oil and gas exploration company reported C$0.16 earnings per share (EPS) for the quarter. The business had revenue of C$360.89 million for the quarter. Athabasca Oil had a net margin of 17.03% and a return on equity of 12.76%. Research analysts predict that Athabasca Oil Co. will post 0.54 EPS for the current fiscal year.

Insider Activity

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 48,700 shares of Athabasca Oil stock in a transaction that occurred on Tuesday, September 29th. The shares were bought at an average price of C$10.28 per share, for a total transaction of C$500,636.00. Following the acquisition, the insider directly owned 985,700 shares in the company, valued at approximately C$10,132,996. This trade represents a 5.20% increase in their ownership of the stock. Insiders bought 760,200 shares of company stock valued at $7,998,932 over the last quarter. 0.24% of the stock is owned by company insiders.

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’.