Athabasca Oil Co. (TSE:ATH) Receives Average Rating of “Moderate Buy” from Analysts

Athabasca Oil Co. (TSE:ATH) has earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$6.31.

ATH has been the subject of a number of recent analyst reports. Raymond James upgraded Athabasca Oil to a “hold” rating in a research report on Thursday, October 17th. BMO Capital Markets raised their price objective on Athabasca Oil from C$6.50 to C$7.00 in a research report on Tuesday, January 14th. Royal Bank of Canada raised their price objective on Athabasca Oil from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Finally, Scotiabank set a C$6.50 price objective on Athabasca Oil and gave the stock an “outperform” rating in a research report on Tuesday, October 15th.

Athabasca Oil Trading Up 0.8 %

Shares of ATH stock opened at C$4.94 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.46 and a debt-to-equity ratio of 11.60. Athabasca Oil has a fifty-two week low of C$4.03 and a fifty-two week high of C$5.79. The stock has a market capitalization of C$2.69 billion, a P/E ratio of 32.93, a P/E/G ratio of -0.51 and a beta of 2.05. The stock has a 50-day simple moving average of C$5.20 and a 200 day simple moving average of C$5.21.

Athabasca Oil (TSE:ATH) last released its quarterly earnings results on Wednesday, October 30th. The oil and gas exploration company reported C$0.12 earnings per share for the quarter. Athabasca Oil had a return on equity of 5.04% and a net margin of 6.32%. On average, sell-side analysts expect that Athabasca Oil will post 0.5403473 earnings per share for the current fiscal year.

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.