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

Shares of Athabasca Oil Co. (TSE:ATH - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$6.25.

Several equities research analysts recently weighed in on ATH shares. BMO Capital Markets reduced their price target on shares of Athabasca Oil from C$7.00 to C$6.00 in a research report on Thursday, March 6th. Royal Bank of Canada upgraded shares of Athabasca Oil from a "hold" rating to a "moderate buy" rating in a research note on Monday, March 10th.

Athabasca Oil Stock Up 1.9 %

Shares of TSE:ATH traded up C$0.10 on Friday, hitting C$5.37. 2,600,042 shares of the company traded hands, compared to its average volume of 2,567,051. The company has a market cap of C$2.79 billion, a PE ratio of 12.64, a PEG ratio of -0.51 and a beta of 2.05. The stock has a 50 day simple moving average of C$4.99 and a 200-day simple moving average of C$5.08. Athabasca Oil has a 52 week low of C$4.11 and a 52 week high of C$5.79. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55.

Insider Activity at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 105,700 shares of the company's stock in a transaction on Friday, January 31st. The stock was acquired at an average cost of C$4.91 per share, for a total transaction of C$519,409.80. 0.24% of the stock is owned by corporate insiders.

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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.