Athabasca Oil (TSE:ATH) Price Target Raised to C$9.00 at National Bankshares

by · The Cerbat Gem

Athabasca Oil (TSE:ATH – Get Free Report) had its price target upped by equities researchers at National Bankshares from C$8.50 to C$9.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the oil and gas exploration company’s stock. National Bankshares’ target price indicates a potential upside of 37.40% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Desjardins decreased their price objective on shares of Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating on the stock in a report on Friday, December 12th. Raymond James Financial increased their price target on shares of Athabasca Oil from C$6.50 to C$7.00 in a research note on Thursday, October 30th. Royal Bank Of Canada raised their price target on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Scotiabank upped their price objective on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Finally, TD Securities lifted their target price on 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. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Athabasca Oil has an average rating of “Hold” and a consensus target price of C$7.32.

Check Out Our Latest Research Report on Athabasca Oil

Athabasca Oil Price Performance

TSE ATH traded up C$0.06 during trading hours on Friday, reaching C$6.55. 2,185,049 shares of the company’s stock were exchanged, compared to its average volume of 3,789,053. The firm has a fifty day moving average of C$7.23 and a 200-day moving average of C$6.50. Athabasca Oil has a one year low of C$4.05 and a one year high of C$8.05. The stock has a market cap of C$3.18 billion, a PE ratio of 7.53, a price-to-earnings-growth ratio of -0.51 and a beta of 0.68. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55.

Athabasca Oil (TSE:ATH – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The oil and gas exploration company reported C$0.14 EPS for the quarter. The company had revenue of C$321.09 million for the quarter. Athabasca Oil had a return on equity of 14.73% and a net margin of 17.53%. On average, equities research analysts predict that Athabasca Oil will post 0.5403473 earnings per share for the current fiscal year.

Insider Buying and Selling at Athabasca Oil

In related news, insider Athabasca Oil Corporation acquired 138,100 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The stock was acquired at an average price of C$6.25 per share, for a total transaction of C$863,125.00. Following the completion of the acquisition, the insider owned 1,552,300 shares of the company’s stock, valued at C$9,701,875. This trade represents a 9.77% increase in their position. Over the last 90 days, insiders acquired 1,696,200 shares of company stock valued at $11,225,742. Corporate insiders own 0.24% of the company’s stock.

Athabasca Oil Company Profile

(Get Free Report)

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.

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