Brokerages Set Athabasca Oil Co. (TSE:ATH) Price Target at C$6.25

Athabasca Oil Co. (TSE:ATH) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$6.25.

A number of research firms recently issued reports on ATH. BMO Capital Markets lowered their target price on Athabasca Oil from C$7.00 to C$6.00 in a report on Thursday, March 6th. Royal Bank of Canada raised Athabasca Oil from a “hold” rating to a “moderate buy” rating in a report on Monday, March 10th.

Athabasca Oil Price Performance

Shares of TSE ATH opened at C$5.27 on Friday. Athabasca Oil has a fifty-two week low of C$4.11 and a fifty-two week high of C$5.79. The firm’s 50-day simple moving average is C$4.99 and its 200 day simple moving average is C$5.08. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55. The stock has a market cap of C$2.74 billion, a P/E ratio of 12.40, a P/E/G ratio of -0.51 and a beta of 2.05.

Insider Buying and Selling

In related news, insider Athabasca Oil Corporation purchased 105,700 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of C$4.91 per share, with a total value of C$519,409.80. 0.24% of the stock is currently owned by company 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.