TD Securities Lowers Athabasca Oil (TSE:ATH) Price Target to C$5.50

Athabasca Oil (TSE:ATH) had its target price lowered by TD Securities from C$6.00 to C$5.50 in a research note published on Tuesday morning, BayStreet.CA reports.

A number of other equities research analysts also recently issued reports on ATH. ATB Capital upped their price objective on shares of Athabasca Oil from C$7.00 to C$7.50 in a research report on Thursday, July 25th. National Bankshares cut their target price on Athabasca Oil from C$7.50 to C$6.50 in a research note on Friday, September 27th. Finally, Royal Bank of Canada decreased their price target on Athabasca Oil from C$6.00 to C$5.50 in a research report on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Athabasca Oil has a consensus rating of Moderate Buy and an average price target of C$6.14.

Athabasca Oil Stock Up 1.4 %

Shares of TSE:ATH opened at C$5.05 on Tuesday. The stock has a market cap of C$2.75 billion, a price-to-earnings ratio of 33.67, a PEG ratio of -0.51 and a beta of 2.08. The business’s 50 day moving average is C$5.24 and its 200 day moving average is C$5.14. Athabasca Oil has a 12-month low of C$3.36 and a 12-month high of C$5.72. The company has a quick ratio of 1.24, a current ratio of 2.46 and a debt-to-equity ratio of 11.60.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings data on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 earnings per share (EPS) for the quarter. The firm had revenue of C$401.74 million for the quarter. Athabasca Oil had a net margin of 6.32% and a return on equity of 5.04%. On average, sell-side analysts forecast that Athabasca Oil will post 0.5396825 earnings per share for the current fiscal year.

Insider Transactions at Athabasca Oil

In related news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$5.57, for a total transaction of C$1,198,879.20. In related news, insider Athabasca Oil Corporation acquired 259,700 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average price of C$5.38 per share, with a total value of C$1,396,848.39. Also, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$5.57, for a total value of C$1,198,879.20. Corporate insiders own 0.55% 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.