Athabasca Oil (TSE:ATH) PT Raised to C$7.50 at National Bankshares

Athabasca Oil (TSE:ATH) had its target price raised by National Bankshares from C$7.00 to C$7.50 in a report published on Thursday morning, BayStreet.CA reports.

A number of other research firms also recently issued reports on ATH. Desjardins downgraded shares of Athabasca Oil from a buy rating to a hold rating and set a C$5.75 price objective for the company. in a report on Tuesday, April 23rd. National Bank Financial raised shares of Athabasca Oil from a hold rating to a strong-buy rating in a report on Thursday, May 9th. TD Securities lifted their target price on shares of Athabasca Oil from C$5.50 to C$6.00 in a research report on Thursday. ATB Capital lifted their target price on shares of Athabasca Oil from C$7.00 to C$7.50 in a research report on Thursday. Finally, BMO Capital Markets set a C$6.50 target price on shares of Athabasca Oil and gave the stock an outperform rating in a research report on Monday, April 8th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Athabasca Oil presently has an average rating of Moderate Buy and an average target price of C$6.43.

Athabasca Oil Stock Down 0.4 %

Shares of TSE:ATH opened at C$5.35 on Thursday. The firm has a fifty day moving average price of C$5.10 and a two-hundred day moving average price of C$4.92. The company has a debt-to-equity ratio of 11.54, a current ratio of 2.27 and a quick ratio of 1.24. Athabasca Oil has a one year low of C$3.30 and a one year high of C$5.59. The company has a market cap of C$2.99 billion, a price-to-earnings ratio of 66.88, a PEG ratio of -0.51 and a beta of 2.18.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings data on Wednesday, May 8th. The oil and gas exploration company reported C$0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.07. Athabasca Oil had a net margin of 3.63% and a return on equity of 2.65%. The company had revenue of C$311.12 million during the quarter. Analysts anticipate that Athabasca Oil will post 0.5296656 EPS for the current fiscal year.

Insider Buying and Selling at Athabasca Oil

In other Athabasca Oil news, Senior Officer Robert Anthony Broen sold 100,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$5.01, for a total value of C$501,000.00. Corporate 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.