Athabasca Oil (TSE:ATH) Given a C$6.50 Price Target at National Bankshares

Athabasca Oil (TSE:ATH) received a C$6.50 target price from research analysts at National Bankshares in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the oil and gas exploration company’s stock. National Bankshares’ target price would suggest a potential upside of 39.48% from the company’s current price.

ATH has been the topic of a number of other research reports. BMO Capital Markets set a C$6.50 price target on Athabasca Oil and gave the stock an “outperform” rating in a research report on Monday, April 8th. Desjardins cut Athabasca Oil from a “buy” rating to a “hold” rating and set a C$5.75 price objective for the company. in a research note on Tuesday, April 23rd. Stifel Nicolaus raised their target price on Athabasca Oil from C$5.00 to C$5.75 and gave the stock a “buy” rating in a report on Monday, March 4th. Royal Bank of Canada lowered Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 price objective on the stock. in a report on Tuesday, March 26th. Finally, TD Securities downgraded Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 price objective on the stock. in a research report on Tuesday, March 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$6.07.

Athabasca Oil Price Performance

TSE ATH opened at C$4.66 on Tuesday. The stock has a 50-day moving average of C$5.11 and a 200 day moving average of C$4.48. The company has a market capitalization of C$2.64 billion, a price-to-earnings ratio of -51.78, a PEG ratio of -0.51 and a beta of 2.16. Athabasca Oil has a one year low of C$2.54 and a one year high of C$5.59. The company has a debt-to-equity ratio of 11.72, a quick ratio of 1.24 and a current ratio of 2.70.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 EPS for the quarter. The company had revenue of C$315.93 million for the quarter. Athabasca Oil had a negative return on equity of 3.11% and a negative net margin of 4.29%. On average, sell-side analysts forecast that Athabasca Oil will post 0.5253664 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of Athabasca Oil stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of C$5.32, for a total transaction of C$130,340.00. Corporate insiders own 0.64% 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.