Desjardins Lowers Athabasca Oil (TSE:ATH) to Hold

Athabasca Oil (TSE:ATH) was downgraded by equities research analysts at Desjardins from a “buy” rating to a “hold” rating in a research note issued on Tuesday, BayStreet.CA reports. They presently have a C$5.75 price objective on the oil and gas exploration company’s stock. Desjardins’ price objective points to a potential upside of 15.46% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. TD Securities cut shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 target price for the company. in a research report on Tuesday, March 12th. Stifel Nicolaus increased their price objective on shares of Athabasca Oil from C$5.00 to C$5.75 and gave the company a “buy” rating in a report on Monday, March 4th. ATB Capital raised their target price on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. BMO Capital Markets set a C$6.50 price target on Athabasca Oil and gave the company an “outperform” rating in a research report on Monday, April 8th. Finally, Royal Bank of Canada cut Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 price target for the company. in a report on Tuesday, March 26th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$6.00.

Athabasca Oil Price Performance

Shares of Athabasca Oil stock opened at C$4.98 on Tuesday. The stock has a market capitalization of C$2.82 billion, a P/E ratio of -55.33, a PEG ratio of -0.51 and a beta of 2.19. The business has a 50 day simple moving average of C$5.07 and a two-hundred day simple moving average of C$4.46. Athabasca Oil has a 12 month low of C$2.54 and a 12 month high of C$5.59. The company has a debt-to-equity ratio of 11.72, a current ratio of 2.70 and a quick ratio of 1.24.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 EPS for the quarter. The firm had revenue of C$315.93 million during the quarter. Athabasca Oil had a negative return on equity of 3.11% and a negative net margin of 4.29%. As a group, analysts predict that Athabasca Oil will post 0.5260059 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$5.32, for a total value of C$130,340.00. Corporate insiders own 0.78% 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.