Athabasca Oil (TSE:ATH) Issues Earnings Results

Athabasca Oil (TSE:ATH) released its quarterly earnings results on Thursday. The oil and gas exploration company reported C$0.10 EPS for the quarter, FiscalAI reports. Athabasca Oil had a return on equity of 13.86% and a net margin of 18.29%.

Athabasca Oil Stock Down 0.2%

Shares of TSE:ATH opened at C$8.75 on Friday. Athabasca Oil has a fifty-two week low of C$4.05 and a fifty-two week high of C$9.38. The company has a quick ratio of 1.24, a current ratio of 1.78 and a debt-to-equity ratio of 0.23. The firm’s 50-day simple moving average is C$7.88 and its 200-day simple moving average is C$7.19. The company has a market cap of C$4.25 billion, a price-to-earnings ratio of 10.06, a PEG ratio of -0.51 and a beta of 0.51.

Analyst Ratings Changes

A number of brokerages have recently commented on ATH. National Bank Financial lifted their target price 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. Royal Bank Of Canada lowered shares of Athabasca Oil from a “moderate buy” rating to a “hold” rating and lifted their price objective for the company from C$7.00 to C$9.00 in a research note on Monday, February 23rd. Desjardins reduced their target price on shares of Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating for the company in a report on Friday, December 12th. Scotiabank increased their target price on shares of Athabasca Oil from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Finally, TD Securities boosted their price target on Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a research report on Friday. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$8.21.

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.