Athabasca Oil (TSE:ATH) Upgraded to Hold at Raymond James

Athabasca Oil (TSE:ATH) was upgraded by stock analysts at Raymond James to a “hold” rating in a report released on Thursday, Zacks.com reports.

ATH has been the topic of a number of other research reports. National Bankshares lowered their price target on Athabasca Oil from C$7.50 to C$6.50 in a research report on Friday, September 27th. ATB Capital boosted their price target on shares of Athabasca Oil from C$7.00 to C$7.50 in a report on Thursday, July 25th. Scotiabank set a C$6.50 target price on shares of Athabasca Oil and gave the company an “outperform” rating in a research report on Tuesday. Royal Bank of Canada reduced their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a research report on Tuesday, September 17th. Finally, TD Securities reduced their target price on Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Athabasca Oil presently has a consensus rating of “Moderate Buy” and a consensus price target of C$6.19.

Athabasca Oil Price Performance

Shares of TSE ATH opened at C$5.12 on Thursday. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.46 and a quick ratio of 1.24. The stock has a market capitalization of C$2.78 billion, a price-to-earnings ratio of 34.13, a PEG ratio of -0.51 and a beta of 2.05. The firm’s 50 day simple moving average is C$5.21 and its 200-day simple 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.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings data on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 earnings per share for the quarter. Athabasca Oil had a net margin of 6.32% and a return on equity of 5.04%. The business had revenue of C$401.74 million during the quarter. Analysts expect that Athabasca Oil will post 0.5403473 EPS for the current year.

Insiders Place Their Bets

In other Athabasca Oil news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of Athabasca Oil stock in a transaction dated 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, 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. Also, insider Athabasca Oil Corporation bought 259,700 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average cost of C$5.38 per share, with a total value of C$1,396,848.39. Corporate insiders own 0.24% 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.