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

Athabasca Oil Co. (TSE:ATH - Get Free Report) has received an average recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$6.31.

ATH has been the subject of a number of research reports. Royal Bank of Canada increased their price objective on Athabasca Oil from C$5.50 to C$6.00 and gave the stock a "sector perform" rating in a report on Friday, November 1st. BMO Capital Markets increased their price objective on Athabasca Oil from C$6.50 to C$7.00 in a report on Tuesday, January 14th.

Insider Activity at Athabasca Oil

In related news, insider Athabasca Oil Corporation acquired 105,700 shares of the stock in a transaction dated Friday, January 31st. The shares were purchased 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 insiders.

Athabasca Oil Stock Down 2.4 %

ATH traded down C$0.12 during trading on Wednesday, reaching C$4.86. The stock had a trading volume of 1,570,573 shares, compared to its average volume of 2,191,799. The stock's 50 day moving average is C$5.13 and its two-hundred day moving average is C$5.16. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55. The company has a market capitalization of C$2.53 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of -0.51 and a beta of 2.05. Athabasca Oil has a one year low of C$4.44 and a one year high of C$5.79.

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.