Athabasca Oil Co. (TSE:ATH) Receives C$6.25 Average PT from Analysts

Athabasca Oil Co. (TSE:ATH) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$6.25.

A number of research analysts recently commented on ATH shares. TD Securities cut their target price on Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, October 1st. Royal Bank of Canada boosted their price target on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Scotiabank set a C$6.50 price objective on shares of Athabasca Oil and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Raymond James raised shares of Athabasca Oil to a “hold” rating in a research note on Thursday, October 17th. Finally, National Bankshares dropped their price target on shares of Athabasca Oil from C$7.50 to C$6.50 in a research report on Friday, September 27th.

Athabasca Oil Trading Down 1.4 %

Shares of ATH opened at C$5.00 on Friday. Athabasca Oil has a 12-month low of C$3.58 and a 12-month high of C$5.72. 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 firm has a market capitalization of C$2.72 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of -0.51 and a beta of 2.05. The stock’s 50-day moving average price is C$5.14 and its 200 day moving average price is C$5.18.

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.