Athabasca Oil (TSE:ATH) Upgraded by Royal Bank of Canada to Moderate Buy Rating

Athabasca Oil (TSE:ATH) was upgraded by equities research analysts at Royal Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report issued on Monday,Zacks.com reports.

Separately, BMO Capital Markets lowered their price objective on Athabasca Oil from C$7.00 to C$6.00 in a research note on Thursday, March 6th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.25.

Athabasca Oil Price Performance

ATH stock opened at C$4.82 on Monday. Athabasca Oil has a 1 year low of C$4.11 and a 1 year high of C$5.79. The stock has a market cap of C$2.51 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05. The stock has a 50-day moving average price of C$5.03 and a two-hundred day moving average price of C$5.09. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55.

Insider Activity at Athabasca Oil

In other news, insider Athabasca Oil Corporation acquired 105,700 shares of Athabasca Oil stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of C$4.91 per share, for a total transaction of C$519,409.80. 0.24% of the stock is owned by corporate insiders.

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.