Athabasca Oil Co. (TSE:ATH) Receives C$6.31 Consensus Target Price from Brokerages

Athabasca Oil Co. (TSE:ATH) has received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$6.31.

ATH has been the topic of several research analyst reports. Royal Bank of Canada upped their target price on Athabasca Oil from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st. BMO Capital Markets raised their price target on shares of Athabasca Oil from C$6.50 to C$7.00 in a research report on Tuesday, January 14th.

Athabasca Oil Stock Performance

TSE ATH opened at C$4.86 on Wednesday. Athabasca Oil has a fifty-two week low of C$4.44 and a fifty-two week high of C$5.79. The firm’s fifty day moving average price is C$5.13 and its two-hundred day moving average price is C$5.16. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54. The stock has a market cap of C$2.53 billion, a PE ratio of 11.44, a PEG ratio of -0.51 and a beta of 2.05.

Insider Buying and Selling

In other news, insider Athabasca Oil Corporation bought 105,700 shares of the company’s stock in a transaction on Friday, January 31st. The shares were acquired at an average cost of C$4.91 per share, with a total value of C$519,409.80. 0.24% of the stock is currently owned by company insiders.

About Athabasca Oil

Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.