Athabasca Oil Co. (TSE:ATH) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Athabasca Oil Co. (TSE:ATH - Get Free Report) have been given an average rating of "Moderate Buy" by the ten brokerages that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$6.25.

ATH has been the topic of several analyst reports. National Bankshares cut their price target on shares of Athabasca Oil from C$7.50 to C$6.50 in a report on Friday, September 27th. Scotiabank set a C$6.50 price target on Athabasca Oil and gave the stock an "outperform" rating in a research note on Tuesday, October 15th. Raymond James raised shares of Athabasca Oil to a "hold" rating in a research report on Thursday, October 17th. TD Securities cut their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, October 1st. Finally, Royal Bank of Canada lifted their price objective on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock a "sector perform" rating in a research note on Friday, November 1st.

Athabasca Oil Stock Up 3.5 %

Shares of TSE ATH traded up C$0.18 during midday trading on Tuesday, reaching C$5.33. 2,285,889 shares of the company's stock traded hands, compared to its average volume of 2,914,926. The company has a quick ratio of 1.24, a current ratio of 2.46 and a debt-to-equity ratio of 11.60. The company has a market cap of C$2.90 billion, a price-to-earnings ratio of 35.53, a P/E/G ratio of -0.51 and a beta of 2.05. The stock's 50 day simple moving average is C$5.11 and its 200-day simple moving average is C$5.18. Athabasca Oil has a one year low of C$4.03 and a one year high of C$5.72.

Athabasca Oil Company Profile

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.