Athabasca Oil (TSE:ATH) PT Set at C$12.00 by Royal Bank Of Canada

Athabasca Oil (TSE:ATH) has been given a C$12.00 price target by investment analysts at Royal Bank Of Canada in a research note issued to investors on Thursday, BayStreet reports. The brokerage presently has a “sector perform” rating on the oil and gas exploration company’s stock. Royal Bank Of Canada’s target price points to a potential upside of 8.79% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Jefferies Financial Group set a C$14.00 price target on Athabasca Oil and gave the stock a “buy” rating in a research report on Thursday, June 4th. Desjardins set a C$12.50 price objective on Athabasca Oil and gave the company a “hold” rating in a research note on Friday, July 17th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Athabasca Oil presently has an average rating of “Hold” and an average price target of C$11.43.

Athabasca Oil Stock Performance

Shares of ATH remained flat at C$11.03 during mid-day trading on Thursday. The stock had a trading volume of 760,302 shares, compared to its average volume of 2,436,663. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95. The stock has a market cap of C$5.31 billion, a P/E ratio of 23.47, a PEG ratio of -0.51 and a beta of -0.17. Athabasca Oil has a twelve month low of C$6.11 and a twelve month high of C$12.86. The stock has a 50-day simple moving average of C$10.61 and a 200-day simple moving average of C$10.63.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The company had revenue of C$306.54 million for the quarter. On average, sell-side analysts predict that Athabasca Oil will post 0.5403473 EPS for the current year.

Insider Activity

In other Athabasca Oil news, insider Athabasca Oil Corporation bought 49,900 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were purchased at an average price of C$10.18 per share, with a total value of C$507,982.00. Following the completion of the purchase, the insider owned 922,900 shares in the company, valued at C$9,395,122. This represents a 5.72% increase in their position. Insiders purchased a total of 1,101,600 shares of company stock worth $11,703,306 in the last ninety days. 0.24% of the stock is owned by insiders.

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’.