Brokerages Set Athabasca Oil Co. (TSE:ATH) Target Price at C$6.00

Shares of Athabasca Oil Co. (TSE:ATH) have received a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$6.07.

Several analysts have commented on ATH shares. National Bankshares set a C$6.50 target price on Athabasca Oil and gave the company a “sector perform” rating in a research note on Tuesday. TD Securities cut Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 price objective on the stock. in a research report on Tuesday, March 12th. ATB Capital boosted their target price on Athabasca Oil from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 20th. Desjardins downgraded shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$5.75 price target on the stock. in a report on Tuesday, April 23rd. Finally, Stifel Nicolaus lifted their price target on shares of Athabasca Oil from C$5.00 to C$5.75 and gave the stock a “buy” rating in a research note on Monday, March 4th.

Athabasca Oil Stock Performance

Shares of Athabasca Oil stock opened at C$4.66 on Thursday. 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 company has a debt-to-equity ratio of 11.72, a current ratio of 2.70 and a quick ratio of 1.24. Athabasca Oil has a 1 year low of C$2.54 and a 1 year high of C$5.59. The firm’s 50-day moving average is C$5.11 and its 200 day moving average is C$4.48.

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

Insider Activity

In related news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the firm’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 value of C$130,340.00. Insiders own 0.64% of the company’s stock.

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.