Athabasca Oil (TSE:ATH) Stock Rating Upgraded by Royal Bank of Canada

Athabasca Oil (TSE:ATH) was upgraded by stock analysts at Royal Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, BMO Capital Markets decreased their price target on shares of Athabasca Oil from C$7.00 to C$6.00 in a research report on Thursday, March 6th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Athabasca Oil presently has a consensus rating of “Moderate Buy” and an average target price of C$6.25.

Athabasca Oil Stock Performance

TSE:ATH opened at C$4.82 on Monday. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54. The stock has a market capitalization of C$2.51 billion, a P/E ratio of 11.34, a PEG ratio of -0.51 and a beta of 2.05. The company has a 50 day moving average price of C$5.03 and a 200 day moving average price of C$5.09. Athabasca Oil has a fifty-two week low of C$4.11 and a fifty-two week high of C$5.79.

Insider Activity

In other news, insider Athabasca Oil Corporation acquired 105,700 shares of Athabasca Oil stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of C$4.91 per share, for a total transaction of C$519,409.80. Company insiders own 0.24% of the company’s stock.

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.