Athabasca Oil (TSE:ATH) Lowered to “Sector Perform” Rating by Royal Bank Of Canada

Athabasca Oil (TSE:ATH) was downgraded by equities research analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report released on Monday,BayStreet.CA reports. They currently have a C$9.00 target price on the oil and gas exploration company’s stock, up from their previous target price of C$7.00. Royal Bank Of Canada’s price objective would suggest a potential upside of 4.65% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. National Bank Financial increased their price objective on Athabasca Oil from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Scotiabank increased their price target on shares of Athabasca Oil from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. TD Securities boosted their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Desjardins cut their price target 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. Finally, Raymond James Financial boosted their price target on shares of Athabasca Oil from C$6.50 to C$7.00 in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$7.75.

Athabasca Oil Stock Performance

ATH stock traded down C$0.28 during midday trading on Monday, reaching C$8.60. 1,802,308 shares of the company’s stock traded hands, compared to its average volume of 2,471,981. The firm has a market capitalization of C$4.18 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of -0.51 and a beta of 0.53. The company has a 50-day moving average price of C$7.51 and a two-hundred day moving average price of C$7.00. Athabasca Oil has a 52 week low of C$4.05 and a 52 week high of C$9.15. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54.

About Athabasca Oil

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.