Athabasca Oil Co. (TSE:ATH) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analyst consensus is “Hold”: Five of eight analysts rate Athabasca Oil as a hold, while three recommend buying. The average 12-month price target is C$11.56.
• Shares are trading near analyst targets: Athabasca opened at C$10.40, compared with a 12-month range of C$6.11 to C$12.86. Recent analyst targets range from C$12.00 to C$14.00.
• Insiders have been buying: Company insiders purchased 1.10 million shares worth approximately C$11.7 million over the past 90 days, though insiders own only 0.24% of the stock.

Shares of Athabasca Oil Co. (TSE:ATH - Get Free Report) have been assigned an average rating of "Hold" from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$11.56.

Several analysts have recently commented on the company. Royal Bank Of Canada set a C$12.00 price objective on Athabasca Oil and gave the stock a "sector perform" rating in a research note on Thursday, September 10th. BMO Capital Markets cut Athabasca Oil from an "outperform" rating to a "hold" rating and set a C$12.50 target price on the stock. in a research report on Wednesday, September 16th. Desjardins set a C$12.50 price target on Athabasca Oil and gave the stock a "hold" rating in a report on Friday, July 17th. Finally, Jefferies Financial Group set a C$14.00 price target on Athabasca Oil and gave the company a "buy" rating in a research report on Thursday, June 4th.

Athabasca Oil Stock Performance

TSE ATH opened at C$10.40 on Monday. The company has a market cap of C$5.01 billion, a P/E ratio of 22.13, a PEG ratio of -0.51 and a beta of -0.17. The company has a fifty day simple moving average of C$10.69 and a 200 day simple moving average of C$10.73. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95. Athabasca Oil has a 12-month low of C$6.11 and a 12-month high of C$12.86.

Athabasca Oil (TSE:ATH - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The firm had revenue of C$306.54 million for the quarter. Sell-side analysts predict that Athabasca Oil will post 0.5403473 earnings per share for the current fiscal year.

Insider Buying and Selling at Athabasca Oil

In other news, insider Athabasca Oil Corporation purchased 49,900 shares of the business's stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average cost of C$10.18 per share, for a total transaction of C$507,982.00. Following the completion of the acquisition, the insider owned 922,900 shares in the company, valued at C$9,395,122. This trade represents a 5.72% increase in their ownership of the stock. Insiders have bought 1,101,600 shares of company stock worth $11,703,306 over the last 90 days. 0.24% of the stock is owned by company insiders.

About Athabasca Oil

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta's Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca's light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca's common shares trade on the TSX under the symbol 'ATH'.

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