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

Shares of Athabasca Oil Co. (TSE:ATH) have earned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$6.25.

Several equities analysts have recently commented on the stock. TD Securities lowered their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, October 1st. National Bankshares dropped their target price on Athabasca Oil from C$7.50 to C$6.50 in a research 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 Athabasca Oil to a “hold” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada raised their price objective on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st.

Athabasca Oil Stock Performance

Shares of ATH opened at C$5.45 on Tuesday. Athabasca Oil has a 52 week low of C$4.03 and a 52 week high of C$5.72. The company has a debt-to-equity ratio of 11.60, a quick ratio of 1.24 and a current ratio of 2.46. The company has a market capitalization of C$2.96 billion, a PE ratio of 36.33, a PEG ratio of -0.51 and a beta of 2.05. The company’s 50 day moving average price is C$5.14 and its 200 day moving average price is C$5.20.

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.