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

Shares of Athabasca Oil Co. (TSE:ATH) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$6.25.

A number of analysts have recently weighed in on ATH shares. Royal Bank of Canada upped their price target on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a research note on Friday, November 1st. National Bankshares cut 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 company an “outperform” rating in a research report on Tuesday, October 15th. Raymond James upgraded Athabasca Oil to a “hold” rating in a report on Thursday, October 17th. Finally, TD Securities decreased their target price on Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, October 1st.

Athabasca Oil Price Performance

Shares of TSE ATH opened at C$5.45 on Tuesday. The stock has a market cap of C$2.96 billion, a P/E ratio of 36.33, a P/E/G ratio of -0.51 and a beta of 2.05. The firm’s 50-day simple moving average is C$5.14 and its 200 day simple moving average is C$5.20. Athabasca Oil has a fifty-two week low of C$4.03 and a fifty-two week high of C$5.72. The company has a quick ratio of 1.24, a current ratio of 2.46 and a debt-to-equity ratio of 11.60.

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.