Athabasca Oil (TSE:ATH) Stock Price Expected to Rise, Scotiabank Analyst Says

Athabasca Oil (TSE:ATH) had its price objective increased by equities researchers at Scotiabank from C$6.50 to C$7.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the oil and gas exploration company’s stock. Scotiabank’s price target would suggest a potential upside of 6.06% from the company’s current price.

Separately, Royal Bank Of Canada upped their target price on Athabasca Oil from C$6.50 to C$7.00 and gave the company an “outperform” rating in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Athabasca Oil currently has a consensus rating of “Hold” and a consensus target price of C$6.67.

Athabasca Oil Price Performance

ATH stock opened at C$6.60 on Thursday. The firm has a market capitalization of C$3.28 billion, a PE ratio of 7.67, a P/E/G ratio of -0.51 and a beta of 0.99. Athabasca Oil has a one year low of C$4.05 and a one year high of C$7.20. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55. The firm has a 50-day moving average of C$6.25 and a two-hundred day moving average of C$5.61.

Insider Buying and Selling

In other news, insider Athabasca Oil Corporation bought 158,200 shares of Athabasca Oil stock in a transaction that occurred on Thursday, July 31st. The stock was purchased at an average cost of C$5.89 per share, with a total value of C$932,414.98. 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.