Athabasca Oil Co. (TSE:ATH) has earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$2.16.
ATH has been the subject of several research analyst reports. Barclays lifted their price objective on Athabasca Oil from C$1.00 to C$1.50 in a research report on Wednesday, January 17th. Raymond James lowered their price objective on Athabasca Oil from C$1.50 to C$1.25 in a research report on Monday, February 5th. TD Securities lowered their price objective on Athabasca Oil from C$1.90 to C$1.85 and set a “buy” rating for the company in a research report on Thursday, March 8th. BMO Capital Markets lifted their price objective on Athabasca Oil from C$1.60 to C$2.25 and gave the stock a “market perform” rating in a research report on Thursday, May 10th. Finally, Royal Bank of Canada lifted their price objective on Athabasca Oil from C$2.00 to C$2.50 and gave the stock an “outperform” rating in a research report on Thursday, May 10th.
In other news, insider David J. Stewart sold 25,000 shares of Athabasca Oil stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of C$1.15, for a total value of C$28,750.00.
Shares of Athabasca Oil opened at C$1.89 on Wednesday, according to Marketbeat Ratings. Athabasca Oil has a 12 month low of C$0.85 and a 12 month high of C$1.98.
Athabasca Oil (TSE:ATH) last posted its quarterly earnings data on Wednesday, March 7th. The oil and gas exploration company reported C($0.04) earnings per share for the quarter. Athabasca Oil had a return on equity of 1.19% and a net margin of 2.90%. The business had revenue of C$36.23 million during the quarter.
Athabasca Oil Company Profile
Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Hangingstone asset in northeastern Alberta.
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