Athabasca Oil Co. (TSE:ATH) Receives Consensus Recommendation of “Hold” from Analysts

Athabasca Oil Co. (TSE:ATH) has received an average recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$6.07.

ATH has been the subject of several recent research reports. National Bankshares set a C$6.50 price target on Athabasca Oil and gave the stock a “sector perform” rating in a research report on Tuesday. Stifel Nicolaus increased their price target on shares of Athabasca Oil from C$5.00 to C$5.75 and gave the company a “buy” rating in a research report on Monday, March 4th. BMO Capital Markets set a C$6.50 price target on shares of Athabasca Oil and gave the company an “outperform” rating in a report on Monday, April 8th. Desjardins lowered shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$5.75 price objective for the company. in a research note on Tuesday, April 23rd. Finally, TD Securities downgraded shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 target price for the company. in a research note on Tuesday, March 12th.

Athabasca Oil Stock Down 2.9 %

Shares of Athabasca Oil stock opened at C$4.66 on Thursday. The company has a debt-to-equity ratio of 11.72, a current ratio of 2.70 and a quick ratio of 1.24. The stock has a market cap of C$2.64 billion, a price-to-earnings ratio of -51.78, a PEG ratio of -0.51 and a beta of 2.16. The firm’s 50-day moving average is C$5.11 and its two-hundred day moving average is C$4.48. Athabasca Oil has a 1 year low of C$2.54 and a 1 year high of C$5.59.

Athabasca Oil (TSE:ATH) last released its quarterly earnings data on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$315.93 million for the quarter. Athabasca Oil had a negative net margin of 4.29% and a negative return on equity of 3.11%. As a group, research analysts expect that Athabasca Oil will post 0.5253664 earnings per share for the current fiscal year.

Insider Activity at Athabasca Oil

In other Athabasca Oil news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$5.32, for a total transaction of C$130,340.00. 0.64% of the stock is currently owned by insiders.

Athabasca Oil Company Profile

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.