Athabasca Oil (TSE:ATH) Given New C$7.50 Price Target at ATB Capital

Athabasca Oil (TSE:ATH) had its target price lifted by ATB Capital from C$7.00 to C$7.50 in a research note issued to investors on Thursday, BayStreet.CA reports.

A number of other equities research analysts have also commented on ATH. BMO Capital Markets set a C$6.50 target price on Athabasca Oil and gave the company an outperform rating in a research report on Monday, April 8th. TD Securities upped their price objective on Athabasca Oil from C$5.50 to C$6.00 in a research report on Thursday. Desjardins lowered Athabasca Oil from a buy rating to a hold rating and set a C$5.75 price objective on the stock. in a research report on Tuesday, April 23rd. National Bank Financial upgraded Athabasca Oil from a hold rating to a strong-buy rating in a research report on Thursday, May 9th. Finally, National Bankshares upgraded Athabasca Oil from a sector perform rating to an outperform rating and upped their price objective for the stock from C$6.50 to C$7.00 in a research report on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of C$6.43.

Athabasca Oil Price Performance

Shares of TSE ATH opened at C$5.35 on Thursday. The business’s 50 day moving average price is C$5.10 and its 200 day moving average price is C$4.92. The firm has a market cap of C$2.99 billion, a P/E ratio of 66.88, a P/E/G ratio of -0.51 and a beta of 2.18. Athabasca Oil has a 52 week low of C$3.30 and a 52 week high of C$5.59. The company has a quick ratio of 1.24, a current ratio of 2.27 and a debt-to-equity ratio of 11.54.

Athabasca Oil (TSE:ATH) last issued its earnings results on Wednesday, May 8th. The oil and gas exploration company reported C$0.07 EPS for the quarter, meeting analysts’ consensus estimates of C$0.07. The firm had revenue of C$311.12 million for the quarter. Athabasca Oil had a return on equity of 2.65% and a net margin of 3.63%. On average, sell-side analysts expect that Athabasca Oil will post 0.5296656 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Robert Anthony Broen sold 100,000 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$5.01, for a total transaction of C$501,000.00. Insiders own 0.64% of the company’s stock.

About Athabasca Oil

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.