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

Athabasca Oil (TSE:ATH) had its target price upped by research analysts at National Bankshares from C$8.50 to C$9.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the oil and gas exploration company’s stock. National Bankshares’ price objective indicates a potential upside of 37.20% from the company’s current price.

Several other brokerages have also recently weighed in on ATH. Raymond James Financial increased their target price on Athabasca Oil from C$6.50 to C$7.00 in a report on Thursday, October 30th. TD Securities boosted their price objective on Athabasca Oil from C$6.50 to C$7.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Royal Bank Of Canada raised their target price 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. Desjardins decreased their target price on shares of Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating on the stock in a research note on Friday, December 12th. Finally, Scotiabank upped their price target on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$7.32.

Athabasca Oil Stock Performance

Shares of TSE ATH opened at C$6.56 on Friday. The stock’s 50-day moving average is C$7.22 and its 200 day moving average is C$6.51. The stock has a market cap of C$3.19 billion, a price-to-earnings ratio of 7.54, a P/E/G ratio of -0.51 and a beta of 0.68. Athabasca Oil has a 1-year low of C$4.05 and a 1-year high of C$8.05. 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 (TSE:ATH) last issued its quarterly earnings results on Thursday, October 30th. The oil and gas exploration company reported C$0.14 EPS for the quarter. The business had revenue of C$321.09 million for the quarter. Athabasca Oil had a net margin of 17.53% and a return on equity of 14.73%. On average, sell-side analysts anticipate that Athabasca Oil will post 0.5403473 EPS for the current fiscal year.

Insider Transactions at Athabasca Oil

In other news, insider Athabasca Oil Corporation bought 129,800 shares of Athabasca Oil stock in a transaction on Friday, October 31st. The stock was acquired at an average cost of C$6.82 per share, for a total transaction 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 C$19,400,854. This trade represents a 4.78% increase in their position. Over the last quarter, insiders acquired 1,696,200 shares of company stock worth $11,225,742. 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.