Athabasca Oil (TSE:ATH) Price Target Raised to C$8.00 at TD Securities

Athabasca Oil (TSE:ATH) had its price target increased by analysts at TD Securities from C$6.50 to C$8.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the oil and gas exploration company’s stock. TD Securities’ price target would suggest a potential downside of 8.99% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Scotiabank upped their price target on shares of Athabasca Oil from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. Desjardins reduced their price objective on Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating on the stock in a research note on Friday, December 12th. National Bank Financial raised their price target on shares of Athabasca Oil from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Finally, Royal Bank Of Canada lowered shares of Athabasca Oil from a “moderate buy” rating to a “hold” rating and increased their price objective for the stock from C$7.00 to C$9.00 in a research report on Monday, February 23rd. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$8.21.

Athabasca Oil Trading Up 0.2%

Shares of Athabasca Oil stock traded up C$0.02 during trading hours on Friday, reaching C$8.79. 2,118,977 shares of the company’s stock were exchanged, compared to its average volume of 2,441,073. Athabasca Oil has a 52-week low of C$4.05 and a 52-week high of C$9.38. The company has a fifty day moving average of C$7.84 and a 200-day moving average of C$7.17. The company has a current ratio of 2.02, a quick ratio of 1.24 and a debt-to-equity ratio of 11.13. The firm has a market capitalization of C$4.27 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of -0.51 and a beta of 0.51.

Athabasca Oil (TSE:ATH) last released its earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. Athabasca Oil had a return on equity of 26.26% and a net margin of 33.02%. Sell-side analysts forecast that Athabasca Oil will post 0.5403473 EPS for the current fiscal year.

Athabasca Oil Company Profile

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.