Royal Bank of Canada Cuts Athabasca Oil (TSE:ATH) Price Target to C$1.00

Athabasca Oil (TSE:ATH) had its price target lowered by Royal Bank of Canada from C$1.15 to C$1.00 in a report published on Thursday, BayStreet.CA reports.

Other equities research analysts also recently issued reports about the company. TD Securities cut their price target on Total Energy Services from C$11.50 to C$10.00 and set a hold rating on the stock in a research report on Friday, May 10th. Raymond James reaffirmed a neutral rating and set a $35.00 price target on shares of Stantec in a research report on Monday, May 13th. Canaccord Genuity raised Nuvista Energy to a buy rating in a research report on Tuesday, April 9th. CIBC restated a hold rating and set a $2.50 target price on shares of Advantage Oil & Gas in a research report on Thursday. Finally, National Bank Financial dropped their target price on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th.

Shares of ATH opened at C$0.72 on Thursday. The stock’s 50-day moving average is C$0.75. The firm has a market cap of $371.77 million and a P/E ratio of -1.35. The company has a debt-to-equity ratio of 48.63, a current ratio of 2.63 and a quick ratio of 2.37. Athabasca Oil has a fifty-two week low of C$0.70 and a fifty-two week high of C$1.87.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings results on Wednesday, May 8th. The oil and gas exploration company reported C$0.39 earnings per share for the quarter. The company had revenue of C$226.13 million for the quarter. As a group, analysts predict that Athabasca Oil will post -0.07 earnings per share for the current fiscal year.

Athabasca Oil Company Profile

Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Leismer and Hangingstone assets located in northeastern Alberta.

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