Athabasca Oil (TSE:ATH) Price Target Raised to C$8.50

Athabasca Oil (TSE:ATH) had its price objective upped by Desjardins from C$8.00 to C$8.50 in a research note released on Monday,BayStreet.CA reports. The firm currently has a hold rating on the oil and gas exploration company’s stock.

Several other research firms have also recently weighed in on ATH. TD Securities increased their price target on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company a “hold” rating in a report on Thursday, October 30th. Royal Bank Of Canada lifted their price target on Athabasca Oil from C$6.50 to C$7.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Raymond James Financial boosted their price target on Athabasca Oil from C$6.50 to C$7.00 in a research note on Thursday, October 30th. Finally, Scotiabank upped their price objective on Athabasca Oil from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Athabasca Oil has an average rating of “Hold” and a consensus price target of C$7.08.

Athabasca Oil Trading Down 0.9%

ATH stock opened at C$7.52 on Monday. Athabasca Oil has a one year low of C$4.05 and a one year high of C$8.05. The stock has a market cap of C$3.66 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of -0.51 and a beta of 0.78. The company has a fifty day moving average price of C$6.92 and a two-hundred day moving average price of C$6.13. The company has a debt-to-equity ratio of 12.55, a current ratio of 2.54 and a quick ratio of 1.24.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings data on Thursday, October 30th. The oil and gas exploration company reported C$0.14 earnings per share for the quarter. The company had revenue of C$321.09 million for the quarter. Athabasca Oil had a net margin of 17.53% and a return on equity of 14.73%. Equities analysts anticipate that Athabasca Oil will post 0.5403473 EPS for the current year.

Insider Buying and Selling

In related news, insider Athabasca Oil Corporation acquired 138,100 shares of the company’s stock in a transaction on Thursday, October 16th. The stock was purchased at an average cost of C$6.25 per share, with a total value of C$863,125.00. Following the acquisition, the insider directly owned 1,552,300 shares of the company’s stock, valued at approximately C$9,701,875. The trade was a 9.77% increase in their ownership of the stock. In the last 90 days, insiders acquired 2,844,700 shares of company stock worth $18,986,013. 0.24% of the stock is owned by company insiders.

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.