Athabasca Oil Co. (TSE:ATH) Stock Rated "Reduce" by Wall Street Brokerages

Athabasca Oil Co. (TSE:ATH - Get Free Report) has been given an average recommendation of "Reduce" by the seven brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$11.22.

Several research analysts have issued reports on the stock. BMO Capital Markets cut shares of Athabasca Oil from an "outperform" rating to a "hold" rating and set a C$12.50 target price for the company. in a report on Wednesday, September 16th. Royal Bank Of Canada set a C$12.00 price target on shares of Athabasca Oil and gave the company a "sector perform" rating in a report on Thursday, September 10th. Raymond James Financial cut shares of Athabasca Oil from a "moderate buy" rating to a "hold" rating and cut their price target for the company from C$14.00 to C$12.00 in a report on Thursday, October 15th. TD downgraded shares of Athabasca Oil from a "hold" rating to a "tender" rating and raised their price target for the company from C$11.00 to C$12.00 in a research report on Tuesday, October 6th. Finally, TD Securities lowered shares of Athabasca Oil from a "hold" rating to a "strong sell" rating in a report on Monday, October 5th.

Insider Buying and Selling

In other Athabasca Oil news, insider Athabasca Oil Corporation bought 48,700 shares of Athabasca Oil stock in a transaction on Tuesday, September 29th. The stock was acquired at an average price of C$10.28 per share, with a total value of C$500,636.00. Following the acquisition, the insider owned 985,700 shares in the company, valued at approximately C$10,132,996. This trade represents a 5.20% increase in their ownership of the stock. In the last quarter, insiders acquired 760,200 shares of company stock worth $7,998,932. Company insiders own 0.24% of the company's stock.

Athabasca Oil Stock Up 0.4%

TSE:ATH opened at C$11.50 on Tuesday. The firm's 50-day moving average price is C$11.32 and its 200-day moving average price is C$10.55. The company has a market capitalization of C$5.52 billion, a PE ratio of 23.47, a P/E/G ratio of -0.51 and a beta of 0.02. The company has a debt-to-equity ratio of 11.07, a current ratio of 1.75 and a quick ratio of 1.24. Athabasca Oil has a 1-year low of C$6.22 and a 1-year high of C$12.86.

Athabasca Oil (TSE:ATH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The oil and gas exploration company reported C$0.16 earnings per share for the quarter. Athabasca Oil had a return on equity of 12.76% and a net margin of 17.03%. The company had revenue of C$360.89 million during the quarter. On average, equities analysts predict that Athabasca Oil will post 0.54 EPS for the current fiscal year.

Athabasca Oil Company Profile

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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