Analysts Set Athabasca Oil Co. (TSE:ATH) Target Price at C$6.14

Shares of Athabasca Oil Co. (TSE:ATH) have earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$6.14.

A number of equities analysts have issued reports on the company. Desjardins downgraded Athabasca Oil from a “buy” rating to a “hold” rating and set a C$5.75 price objective for the company. in a report on Tuesday, April 23rd. Stifel Nicolaus increased their price objective on Athabasca Oil from C$5.00 to C$5.75 and gave the stock a “buy” rating in a report on Monday, March 4th. BMO Capital Markets set a C$6.50 price objective on Athabasca Oil and gave the stock an “outperform” rating in a report on Monday, April 8th. TD Securities cut Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 target price on the stock. in a research note on Tuesday, March 12th. Finally, Royal Bank of Canada cut Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 target price on the stock. in a research note on Tuesday, March 26th.

Insider Transactions at Athabasca Oil

In related news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of C$5.32, for a total transaction of C$130,340.00. Insiders own 0.64% of the company’s stock.

Athabasca Oil Price Performance

Shares of Athabasca Oil stock opened at C$4.91 on Monday. The company has a quick ratio of 1.24, a current ratio of 2.27 and a debt-to-equity ratio of 11.54. The company has a market cap of C$2.74 billion, a PE ratio of 61.38, a P/E/G ratio of -0.51 and a beta of 2.18. The business has a 50 day moving average of C$5.05 and a 200 day moving average of C$4.57. Athabasca Oil has a 52 week low of C$2.54 and a 52 week high of C$5.59.

Athabasca Oil (TSE:ATH) last announced its earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 EPS for the quarter. The company had revenue of C$315.93 million during the quarter. Athabasca Oil had a return on equity of 2.65% and a net margin of 3.63%. As a group, equities research analysts forecast that Athabasca Oil will post 0.5296656 earnings per share for the current year.

About Athabasca Oil

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.