Athabasca Oil (TSE:ATH) Given New C$8.50 Price Target at Desjardins

Athabasca Oil (TSE:ATH) had its price target increased by Desjardins from C$8.00 to C$8.50 in a report published on Monday,BayStreet.CA reports. Desjardins currently has a hold rating on the oil and gas exploration company’s stock.

Several other analysts have also commented on ATH. 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 report on Tuesday, October 7th. Scotiabank increased their target price on 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. Raymond James Financial raised their target price on Athabasca Oil from C$6.50 to C$7.00 in a research note on Thursday, October 30th. Finally, TD Securities upped their price target on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Athabasca Oil presently has an average rating of “Hold” and a consensus price target of C$7.08.

Athabasca Oil Stock Up 0.3%

Shares of Athabasca Oil stock opened at C$7.63 on Monday. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55. Athabasca Oil has a 12-month low of C$4.05 and a 12-month high of C$8.05. The company has a market cap of C$3.71 billion, a P/E ratio of 8.77, a PEG ratio of -0.51 and a beta of 0.78. The company’s fifty day simple moving average is C$6.88 and its two-hundred day simple moving average is C$6.10.

Athabasca Oil (TSE:ATH) last posted its earnings results on Thursday, October 30th. The oil and gas exploration company reported C$0.14 EPS for the quarter. The firm had revenue of C$321.09 million during the quarter. Athabasca Oil had a net margin of 17.53% and a return on equity of 14.73%. Research analysts anticipate that Athabasca Oil will post 0.5403473 EPS for the current year.

Insiders Place Their Bets

In other news, insider Athabasca Oil Corporation bought 129,800 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of C$6.82 per share, with a total value of C$885,236.00. Following the completion of the acquisition, the insider owned 2,844,700 shares of the company’s stock, valued at approximately C$19,400,854. This represents a 4.78% increase in their ownership of the stock. In the last three months, insiders have bought 2,844,700 shares of company stock worth $18,986,013. 0.24% of the stock is currently owned by company insiders.

About Athabasca Oil

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.