Athabasca Oil (TSE:ATH) Cut to Strong Sell at TD Securities

Posted by George Bondi on Oct 8th, 2026

TD Securities lowered shares of Athabasca Oil (TSE:ATH – Free Report) from a hold rating to a strong sell rating in a research note issued to investors on Monday,Zacks reports.

A number of other brokerages have also weighed in on ATH. BMO Capital Markets lowered Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 price target on the stock. in a research note on Wednesday, September 16th. TD lowered shares of Athabasca Oil from a “hold” rating to a “tender” rating and increased their price objective for the company from C$11.00 to C$12.00 in a research report on Tuesday. Royal Bank Of Canada set a C$12.00 target price on shares of Athabasca Oil and gave the stock a “sector perform” rating in a research note on Thursday, September 10th. Finally, Desjardins set a C$12.50 price target on shares of Athabasca Oil and gave the company a “hold” rating in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$11.56.

Get Our Latest Stock Analysis on ATH

Athabasca Oil Price Performance

TSE ATH opened at C$12.27 on Monday. The firm’s fifty day simple moving average is C$10.67 and its two-hundred day simple moving average is C$10.89. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95. Athabasca Oil has a 12-month low of C$6.11 and a 12-month high of C$12.86. The firm has a market capitalization of C$5.91 billion, a P/E ratio of 26.11, a P/E/G ratio of -0.51 and a beta of 0.10.

Athabasca Oil (TSE:ATH – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS for the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%.The firm had revenue of C$306.54 million during the quarter. Analysts forecast that Athabasca Oil will post 0.5403473 EPS for the current fiscal year.

Insider Activity

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 49,500 shares of Athabasca Oil stock in a transaction on Tuesday, September 22nd. The stock was bought at an average cost of C$10.14 per share, with a total value of C$501,930.00. Following the transaction, the insider owned 742,100 shares of the company’s stock, valued at C$7,524,894. This represents a 7.15% increase in their position. Insiders bought 1,150,600 shares of company stock valued at $12,167,863 in the last three months. Company insiders own 0.24% of the company’s stock.

Key Headlines Impacting Athabasca Oil

Here are the key news stories impacting Athabasca Oil this week:

Positive Sentiment: Acquisition provides a valuation catalyst: Cenovus’s agreement to buy Athabasca gives shareholders a defined exit opportunity and has significantly improved market sentiment around the oil-sands producer. Cenovus Inks C$5.7 Billion Deal to Acquire Athabasca Oil
Positive Sentiment: Strong share-price reaction: Coverage indicates ATH shares have risen sharply following the transaction announcement, reflecting expectations that the acquisition will proceed at a favorable value for Athabasca investors. Cenovus to Buy Athabasca in Deal Worth $4B

Athabasca Oil Company Profile

(Get Free Report)

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol ‘ATH’.