Athabasca Oil Co. (TSE:ATH) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Athabasca Oil, with four holds and three buys. The average 12-month price target is C$11.50, compared with the reported opening price of C$10.68.
• Insiders have been buying shares, including a 49,900-share purchase worth approximately C$508,000. Insiders bought 730,800 shares valued at about C$7.7 million over the past 90 days.
• Athabasca Oil reported quarterly earnings of C$0.13 per share on revenue of C$306.54 million, with a 17.68% net margin and 12.57% return on equity.

Athabasca Oil Co. (TSE:ATH - Get Free Report) has received a consensus recommendation of "Hold" from the seven analysts that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$11.50.

Several research firms have recently weighed in on ATH. Desjardins set a C$12.50 price objective on shares of Athabasca Oil and gave the company a "hold" rating in a research report on Friday, July 17th. Royal Bank Of Canada increased their target price on Athabasca Oil from C$12.00 to C$12.50 and gave the company a "sector perform" rating in a research note on Friday, May 8th. Finally, Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the company a "buy" rating in a research note on Thursday, June 4th.

Insider Activity at Athabasca Oil

In other news, insider Athabasca Oil Corporation acquired 49,900 shares of Athabasca Oil stock in a transaction dated Thursday, June 25th. The shares were purchased at an average cost of C$10.18 per share, for a total transaction of C$507,982.00. Following the transaction, the insider owned 922,900 shares of the company's stock, valued at C$9,395,122. This trade represents a 5.72% increase in their ownership of the stock. In the last 90 days, insiders bought 730,800 shares of company stock worth $7,717,215. 0.24% of the stock is currently owned by corporate insiders.

Athabasca Oil Trading Up 2.1%

Shares of ATH opened at C$10.68 on Thursday. Athabasca Oil has a 1-year low of C$5.98 and a 1-year high of C$12.86. The company has a market capitalization of C$5.14 billion, a P/E ratio of 22.72, a P/E/G ratio of -0.51 and a beta of -0.23. The company has a debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24. The firm's 50 day simple moving average is C$10.52 and its 200 day simple moving average is C$10.47.

Athabasca Oil (TSE:ATH - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS for the quarter. The business had revenue of C$306.54 million during the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. Sell-side analysts forecast 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.

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