Athabasca Oil (TSE:ATH – Get Free Report) has been given a C$14.00 price target by research analysts at Jefferies Financial Group in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 15.89% from the company’s current price.
A number of other equities research analysts also recently weighed in on ATH. Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and boosted their price target for the company from C$8.00 to C$13.00 in a report on Monday, March 30th. Royal Bank Of Canada boosted their price target on Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a report on Friday, May 8th. TD Securities upped their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday, March 6th. Finally, National Bank Financial upped their price objective on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$10.89.
Get Our Latest Stock Report on Athabasca Oil
Athabasca Oil Stock Performance
Athabasca Oil (TSE:ATH – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%.The business had revenue of C$355.58 million during the quarter. On average, research analysts forecast that Athabasca Oil will post 0.5403473 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider Athabasca Oil Corporation acquired 46,900 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average cost of C$11.00 per share, for a total transaction of C$515,900.00. Following the purchase, the insider directly owned 957,400 shares in the company, valued at C$10,531,400. This represents a 5.15% increase in their ownership of the stock. In the last ninety days, insiders acquired 182,900 shares of company stock worth $2,053,950. 0.24% of the stock is owned by corporate insiders.
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.
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