Athabasca Oil (TSE:ATH) Rating Lowered to Hold at Desjardins

Desjardins cut shares of Athabasca Oil (TSE:ATH) from a buy rating to a hold rating in a research note released on Tuesday morning, BayStreet.CA reports. The brokerage currently has C$5.75 price objective on the oil and gas exploration company’s stock.

Several other research analysts have also issued reports on ATH. ATB Capital increased their target price on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock an outperform rating in a research note on Wednesday, March 20th. Stifel Nicolaus raised their target price on Athabasca Oil from C$5.00 to C$5.75 and gave the company a buy rating in a research note on Monday, March 4th. Royal Bank of Canada lowered Athabasca Oil from an outperform rating to a sector perform rating and set a C$6.00 target price for the company. in a research report on Tuesday, March 26th. TD Securities lowered Athabasca Oil from a buy rating to a hold rating and set a C$6.00 price target on the stock. in a report on Tuesday, March 12th. Finally, BMO Capital Markets set a C$6.50 price objective on Athabasca Oil and gave the company an outperform rating in a research note on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of C$6.00.

Athabasca Oil Stock Performance

ATH stock opened at C$5.04 on Tuesday. Athabasca Oil has a 1-year low of C$2.54 and a 1-year high of C$5.59. The company has a current ratio of 2.70, a quick ratio of 1.24 and a debt-to-equity ratio of 11.72. The stock has a 50-day moving average price of C$5.06 and a 200-day moving average price of C$4.45. The firm has a market cap of C$2.86 billion, a PE ratio of -56.00, a price-to-earnings-growth ratio of -0.51 and a beta of 2.19.

Athabasca Oil (TSE:ATH) last issued its earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share for the quarter. The business had revenue of C$315.93 million during the quarter. Athabasca Oil had a negative return on equity of 3.11% and a negative net margin of 4.29%. As a group, equities research analysts expect that Athabasca Oil will post 0.5260059 earnings per share for the current year.

Insider Activity at Athabasca Oil

In other Athabasca Oil news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of Athabasca Oil stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of C$5.32, for a total transaction of C$130,340.00. 0.78% of the stock is owned by insiders.

About Athabasca Oil

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.