Athabasca Oil Co. (TSE:ATH) Given Consensus Rating of “Hold” by Brokerages

Athabasca Oil Co. (TSE:ATH) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$10.38.

Several research analysts recently issued reports on the company. Royal Bank Of Canada raised their target price on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. TD Securities raised their target price on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, March 6th. National Bank Financial raised their target price on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Finally, Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and raised their target price for the stock from C$8.00 to C$13.00 in a research report on Monday, March 30th.

Athabasca Oil Stock Up 0.5%

Shares of TSE:ATH opened at C$11.96 on Tuesday. The firm has a market cap of C$5.79 billion, a P/E ratio of 26.58, a P/E/G ratio of -0.51 and a beta of 0.12. The company has a quick ratio of 1.24, a current ratio of 1.74 and a debt-to-equity ratio of 11.35. Athabasca Oil has a 12-month low of C$5.12 and a 12-month high of C$12.86. The business has a fifty day simple moving average of C$10.96 and a 200 day simple moving average of C$8.82.

Athabasca Oil (TSE:ATH) last announced its earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share (EPS) for the quarter. The business had revenue of C$355.58 million during the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%. Analysts predict that Athabasca Oil will post 0.5403473 earnings per share for the current year.

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.