Athabasca Oil (TSE:ATH) Price Target Cut to C$5.50

Athabasca Oil (TSE:ATH) had its price objective reduced by research analysts at Royal Bank of Canada from C$6.00 to C$5.50 in a note issued to investors on Tuesday, BayStreet.CA reports. Royal Bank of Canada’s target price would indicate a potential upside of 2.42% from the company’s previous close.

A number of other brokerages have also recently commented on ATH. TD Securities raised their target price on Athabasca Oil from C$5.50 to C$6.00 in a report on Thursday, July 25th. National Bankshares raised their target price on Athabasca Oil from C$7.00 to C$7.50 in a report on Thursday, July 25th. Finally, ATB Capital raised their target price on Athabasca Oil from C$7.00 to C$7.50 in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$6.36.

Athabasca Oil Stock Performance

Shares of TSE ATH traded up C$0.09 during midday trading on Tuesday, hitting C$5.37. 1,790,146 shares of the stock traded hands, compared to its average volume of 3,048,571. The firm has a 50-day moving average of C$5.32 and a two-hundred day moving average of C$5.15. The firm has a market capitalization of C$2.92 billion, a P/E ratio of 35.80, a PEG ratio of -0.51 and a beta of 2.08. The company has a debt-to-equity ratio of 11.60, a quick ratio of 1.24 and a current ratio of 2.46. Athabasca Oil has a one year low of C$3.36 and a one year high of C$5.72.

Athabasca Oil (TSE:ATH) last released its quarterly earnings results on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 earnings per share for the quarter. The firm had revenue of C$401.74 million for the quarter. Athabasca Oil had a return on equity of 5.04% and a net margin of 6.32%. On average, equities analysts forecast that Athabasca Oil will post 0.6401565 EPS for the current fiscal year.

Insider Buying and Selling at Athabasca Oil

In other news, Senior Officer Robert Anthony Broen sold 100,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$5.01, for a total transaction of C$501,000.00. In other news, 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 transaction of C$1,198,879.20. Also, Senior Officer Robert Anthony Broen sold 100,000 shares of the firm’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. Insiders own 0.55% of the company’s stock.

Athabasca Oil Company Profile

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.