Desjardins set a C$12.50 target price on Athabasca Oil (TSE:ATH – Free Report) in a research note released on Friday, MarketBeat reports. The firm currently has a hold rating on the oil and gas exploration company’s stock.
Several other equities research analysts also recently issued reports on ATH. Raymond James Financial raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from C$8.00 to C$13.00 in a research note on Monday, March 30th. Royal Bank Of Canada upped their price objective on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the company a “buy” rating in a research note on Thursday, June 4th. Finally, National Bank Financial lifted their target price on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$11.50.
Check Out Our Latest Report on ATH
Athabasca Oil Price Performance
Athabasca Oil (TSE:ATH – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share (EPS) for the quarter. The company had revenue of C$355.58 million for the quarter. Athabasca Oil had a net margin of 16.25% and a return on equity of 12.23%. As a group, analysts forecast that Athabasca Oil will post 0.5403473 earnings per share for the current fiscal year.
Insider Buying and Selling at Athabasca Oil
In related news, insider Athabasca Oil Corporation purchased 48,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of C$10.30 per share, for a total transaction of C$502,640.00. Following the completion of the purchase, the insider owned 1,070,200 shares in the company, valued at approximately C$11,023,060. This represents a 4.78% increase in their ownership of the stock. Insiders have purchased a total of 476,400 shares of company stock worth $5,086,334 over the last three months. 0.24% of the stock is currently owned by company insiders.
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.
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