Athabasca Oil (TSE:ATH) Price Target Cut to C$8.25 by Analysts at Desjardins

Athabasca Oil (TSE:ATH) had its price objective cut by analysts at Desjardins from C$8.50 to C$8.25 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the oil and gas exploration company’s stock. Desjardins’ price target would indicate a potential upside of 15.71% from the stock’s current price.

A number of other analysts have also recently issued reports on ATH. Raymond James Financial increased their price objective on Athabasca Oil from C$6.50 to C$7.00 in a report on Thursday, October 30th. Scotiabank lifted their target price on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Royal Bank Of Canada raised their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Finally, TD Securities upped their target price on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$7.04.

Athabasca Oil Stock Down 4.3%

Athabasca Oil stock traded down C$0.32 during mid-day trading on Friday, reaching C$7.13. The stock had a trading volume of 2,388,007 shares, compared to its average volume of 2,308,691. The firm has a market capitalization of C$3.47 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of -0.51 and a beta of 0.87. Athabasca Oil has a fifty-two week low of C$4.05 and a fifty-two week high of C$8.05. The stock’s 50-day simple moving average is C$7.14 and its 200-day simple moving average is C$6.32. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54.

Athabasca Oil (TSE:ATH) last issued its earnings results on Thursday, October 30th. The oil and gas exploration company reported C$0.14 earnings per share (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, sell-side analysts forecast that Athabasca Oil will post 0.5403473 EPS for the current fiscal year.

Insider Transactions at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation bought 138,100 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was acquired at an average price of C$6.25 per share, with a total value of C$863,125.00. Following the completion of the purchase, the insider owned 1,552,300 shares of the company’s stock, valued at approximately C$9,701,875. This trade represents a 9.77% increase in their ownership of the stock. Over the last quarter, insiders have acquired 2,844,700 shares of company stock worth $18,986,013. 0.24% of the stock is currently owned by insiders.

Athabasca Oil Company Profile

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.