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

Athabasca Oil Co. (TSE:ATH) has been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$6.25.

Several equities research analysts recently issued reports on ATH shares. Royal Bank of Canada lifted 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 note on Friday, November 1st. 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. National Bankshares decreased their price target on Athabasca Oil from C$7.50 to C$6.50 in a research note on Friday, September 27th. TD Securities cut their price objective on Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, October 1st. Finally, Raymond James raised Athabasca Oil to a “hold” rating in a research report on Thursday, October 17th.

Athabasca Oil Stock Performance

Shares of TSE ATH opened at C$5.00 on Friday. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.46 and a quick ratio of 1.24. Athabasca Oil has a one year low of C$3.58 and a one year high of C$5.72. The business’s 50-day moving average price is C$5.14 and its two-hundred day moving average price is C$5.18. The company has a market capitalization of C$2.72 billion, a P/E ratio of 33.33, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05.

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.