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

Raymond James upgraded shares of Athabasca Oil (TSE:ATH) to a hold rating in a report released on Thursday, Zacks.com reports.

ATH has been the subject of several other research reports. National Bankshares reduced their price target on shares of Athabasca Oil from C$7.50 to C$6.50 in a report on Friday, September 27th. Scotiabank set a C$6.50 price objective on shares of Athabasca Oil and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Royal Bank of Canada cut their price objective on shares of Athabasca Oil from C$6.00 to C$5.50 in a research report on Tuesday, September 17th. ATB Capital lifted their price objective on shares of Athabasca Oil from C$7.00 to C$7.50 in a research report on Thursday, July 25th. Finally, TD Securities cut their price objective on shares of Athabasca Oil from C$6.00 to C$5.50 in a research report on Tuesday, October 1st. Four equities 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$6.19.

Athabasca Oil Trading Down 1.2 %

TSE:ATH opened at C$5.12 on Thursday. Athabasca Oil has a one year low of C$3.36 and a one year high of C$5.72. The company has a debt-to-equity ratio of 11.60, a quick ratio of 1.24 and a current ratio of 2.46. The firm has a market cap of C$2.78 billion, a P/E ratio of 34.13, a P/E/G ratio of -0.51 and a beta of 2.05. The firm has a 50-day simple moving average of C$5.21 and a 200-day simple moving average of C$5.14.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings results on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 EPS 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. Equities analysts anticipate that Athabasca Oil will post 0.5403473 EPS for the current fiscal year.

Insiders Place Their Bets

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

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.