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

Athabasca Oil (TSE:ATH) had its target price upped by investment analysts at TD Securities from C$6.50 to C$7.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the oil and gas exploration company’s stock. TD Securities’ price target indicates a potential upside of 1.60% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Scotiabank raised their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Royal Bank Of Canada raised their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Finally, Raymond James Financial raised their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Athabasca Oil presently has an average rating of “Hold” and an average price target of C$6.80.

Athabasca Oil Trading Up 0.3%

Shares of Athabasca Oil stock opened at C$6.89 on Thursday. Athabasca Oil has a 1 year low of C$4.05 and a 1 year high of C$7.20. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54. The company has a market capitalization of C$3.42 billion, a P/E ratio of 8.01, a PEG ratio of -0.51 and a beta of 0.99. The company’s fifty day moving average is C$6.51 and its two-hundred day moving average is C$5.79.

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.