Athabasca Oil (TSE:ATH) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Athabasca Oil (TSE:ATH) from a hold rating to a moderate buy rating in a research note published on Monday morning, Marketbeat reports. The firm currently has C$13.00 price objective on the oil and gas exploration company’s stock, up from their prior price objective of C$8.00.

A number of other research analysts have also recently weighed in on ATH. Royal Bank Of Canada cut shares of Athabasca Oil from a “moderate buy” rating to a “hold” rating and boosted their price objective for the company from C$7.00 to C$9.00 in a research report on Monday, February 23rd. National Bank Financial lifted their price target on shares of Athabasca Oil from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. TD Securities upped their price target on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, March 6th. Scotiabank increased their price objective on shares of Athabasca Oil from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. Finally, Desjardins decreased their price objective on shares of Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating for the company in a research note on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Athabasca Oil currently has a consensus rating of “Hold” and an average price target of C$9.79.

Athabasca Oil Price Performance

Shares of Athabasca Oil stock opened at C$10.32 on Monday. The stock has a market cap of C$4.95 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of -0.51 and a beta of 0.51. The company has a debt-to-equity ratio of 11.38, a quick ratio of 1.24 and a current ratio of 1.78. The stock has a 50 day moving average price of C$8.89 and a 200-day moving average price of C$7.65. Athabasca Oil has a one year low of C$4.05 and a one year high of C$11.27.

Athabasca Oil (TSE:ATH) last released its quarterly earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. Athabasca Oil had a return on equity of 13.86% and a net margin of 18.29%. Equities analysts expect that Athabasca Oil will post 0.5403473 EPS for the current year.

About Athabasca Oil

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.