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

Shares of Athabasca Oil Co. (TSE:ATH) have earned an average recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$11.50.

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the stock a “buy” rating in a report on Thursday, June 4th. Royal Bank Of Canada increased their price target 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. Finally, Desjardins set a C$12.50 price target on Athabasca Oil and gave the company a “hold” rating in a report on Friday, July 17th.

Athabasca Oil Stock Performance

ATH opened at C$10.36 on Friday. The stock has a market capitalization of C$5.01 billion, a price-to-earnings ratio of 23.02, a PEG ratio of -0.51 and a beta of -0.19. The company has a fifty day moving average of C$10.82 and a 200 day moving average of C$10.08. Athabasca Oil has a fifty-two week low of C$5.57 and a fifty-two week high of C$12.86. 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 (TSE:ATH) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The business had revenue of C$306.54 million for the quarter. As a group, sell-side analysts forecast that Athabasca Oil will post 0.5403473 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Athabasca Oil Corporation bought 48,800 shares of the stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average cost of C$10.30 per share, for a total transaction of C$502,640.00. Following the transaction, the insider owned 1,070,200 shares of the company’s stock, valued at C$11,023,060. The trade was a 4.78% increase in their ownership of the stock. Over the last 90 days, insiders purchased 476,400 shares of company stock worth $5,086,334. 0.24% of the stock is owned by corporate 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.