Athabasca Oil Co. (TSE:ATH) Stock Has Average Price Target of C$11.44

Key Points

• Analyst consensus is “Hold”: Five of seven analysts rated Athabasca Oil neutral, while one issued a sell rating and one a buy rating. The average 12-month price target is C$11.44, below the stock’s reported C$12.07 opening price.
• Recent analyst sentiment weakened: TD Securities downgraded the stock to “strong sell,” while Raymond James and National Bank Financial also lowered their ratings and price targets to C$12.00.
• Quarterly results and insider activity were positive: Athabasca reported C$0.13 in quarterly EPS, C$306.54 million in revenue, a 17.68% net margin and 12.57% return on equity. Insiders purchased 1.15 million shares worth approximately C$12.17 million over the past 90 days.

Shares of Athabasca Oil Co. (TSE:ATH - Get Free Report) have earned an average rating of "Hold" from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$11.44.

Several equities research analysts recently commented on ATH shares. Desjardins set a C$12.50 price objective on Athabasca Oil and gave the stock a "hold" rating in a report on Friday, July 17th. TD Securities cut shares of Athabasca Oil from a "hold" rating to a "strong sell" rating in a research note on Monday, October 5th. Royal Bank Of Canada set a C$12.00 target price on shares of Athabasca Oil and gave the company a "sector perform" rating in a research note on Thursday, September 10th. Raymond James Financial downgraded shares of Athabasca Oil from an "outperform" rating to a "market perform" rating and dropped their price target for the company from C$14.00 to C$12.00 in a report on Thursday. Finally, National Bank Financial lowered shares of Athabasca Oil from an "outperform" rating to a "tender" rating and reduced their price target for the stock from C$13.75 to C$12.00 in a research note on Wednesday, October 7th.

Athabasca Oil Stock Performance

ATH stock opened at C$12.07 on Friday. The stock's 50 day simple moving average is C$10.92 and its 200 day simple moving average is C$10.98. 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. The stock has a market capitalization of C$5.81 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of -0.51 and a beta of 0.10.

Athabasca Oil (TSE:ATH - Get Free Report) last posted its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS for the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%. The business had revenue of C$306.54 million during the quarter. As a group, research analysts forecast that Athabasca Oil will post 0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Athabasca Oil Corporation bought 49,500 shares of the company's stock in a transaction that occurred on Tuesday, September 22nd. The shares were bought at an average price of C$10.14 per share, for a total transaction of C$501,930.00. Following the completion of the acquisition, the insider owned 742,100 shares of the company's stock, valued at C$7,524,894. This trade represents a 7.15% increase in their position. Insiders have purchased a total of 1,150,600 shares of company stock worth $12,167,863 in the last 90 days. 0.24% of the stock is owned by corporate 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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