Scotiabank Boosts Athabasca Oil (TSE:ATH) Price Target to C$8.00

Athabasca Oil (TSE:ATH) had its price target boosted by equities researchers at Scotiabank from C$7.00 to C$8.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the oil and gas exploration company’s stock. Scotiabank’s price objective indicates a potential upside of 15.44% from the stock’s previous close.

ATH has been the subject of several other reports. Raymond James Financial boosted their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 in a research note on Thursday, October 30th. Desjardins cut their price objective on Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating on the stock in a report on Friday, December 12th. National Bankshares lifted their price objective on Athabasca Oil from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. TD Securities increased their target price on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada decreased their price objective on shares of Athabasca Oil from C$7.50 to C$7.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Athabasca Oil presently has an average rating of “Hold” and a consensus target price of C$7.46.

Athabasca Oil Trading Down 1.1%

TSE:ATH traded down C$0.08 during mid-day trading on Tuesday, reaching C$6.93. The company’s stock had a trading volume of 1,464,913 shares, compared to its average volume of 3,039,959. Athabasca Oil has a twelve month low of C$4.05 and a twelve month high of C$8.05. The company’s fifty day simple moving average is C$7.21 and its two-hundred day simple moving average is C$6.58. The company has a debt-to-equity ratio of 12.55, a current ratio of 2.54 and a quick ratio of 1.24. The stock has a market cap of C$3.37 billion, a P/E ratio of 7.97, a P/E/G ratio of -0.51 and a beta of 0.68.

Athabasca Oil (TSE:ATH) last released its earnings results on Thursday, October 30th. The oil and gas exploration company reported C$0.14 earnings per share (EPS) for the quarter. Athabasca Oil had a net margin of 17.53% and a return on equity of 14.73%. The business had revenue of C$321.09 million for the quarter. On average, equities analysts predict that Athabasca Oil will post 0.5403473 EPS for the current year.

Insider Transactions at Athabasca Oil

In other news, insider Athabasca Oil Corporation acquired 129,800 shares of the business’s stock in a transaction on Friday, October 31st. The shares were purchased at an average price of C$6.82 per share, for a total transaction of C$885,236.00. Following the acquisition, the insider directly owned 2,844,700 shares of the company’s stock, valued at C$19,400,854. This represents a 4.78% increase in their position. Over the last quarter, insiders have acquired 1,021,800 shares of company stock worth $6,914,590. Insiders own 0.24% of the company’s stock.

Athabasca Oil Company Profile

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.