Athabasca Oil (TSE:ATH) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Athabasca Oil (TSE:ATH) had its target price boosted by Royal Bank Of Canada from C$9.00 to C$12.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the oil and gas exploration company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 16.28% from the company’s current price.

A number of other research analysts also recently issued reports on ATH. TD Securities upped their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, March 6th. National Bank Financial upped their price objective on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Desjardins reduced their price objective on Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating for the company in a research note on Friday, December 12th. Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and upped their price objective for the company from C$8.00 to C$13.00 in a research note on Monday, March 30th. Finally, Scotiabank upped their price objective on Athabasca Oil from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Athabasca Oil presently has an average rating of “Hold” and an average target price of C$10.29.

Athabasca Oil Stock Down 6.2%

Shares of TSE ATH traded down C$0.68 during midday trading on Wednesday, hitting C$10.32. 2,263,059 shares of the stock traded hands, compared to its average volume of 2,968,668. The company has a market cap of C$4.95 billion, a PE ratio of 21.06, a P/E/G ratio of -0.51 and a beta of -0.03. Athabasca Oil has a one year low of C$4.05 and a one year high of C$11.27. The business has a 50 day moving average price of C$9.15 and a two-hundred day moving average price of C$7.79. The company has a debt-to-equity ratio of 11.38, a quick ratio of 1.24 and a current ratio of 1.78.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.10 earnings per share (EPS) for the quarter. Athabasca Oil had a return on equity of 13.86% and a net margin of 18.29%. On average, equities analysts predict that Athabasca Oil will post 0.5403473 EPS for the current 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.