TD Securities Boosts Athabasca Oil (TSE:ATH) Price Target to C$8.00

Athabasca Oil (TSE:ATH) had its price objective upped by TD Securities from C$6.50 to C$8.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the oil and gas exploration company’s stock. TD Securities’ price objective indicates a potential downside of 8.57% from the company’s previous close.

Other analysts have also issued research reports about the company. Scotiabank boosted their target price on Athabasca Oil from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada lowered Athabasca Oil from a “moderate buy” rating to a “hold” rating and raised their price target for the stock from C$7.00 to C$9.00 in a research report on Monday, February 23rd. Desjardins dropped their price objective on Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating for the company in a research note on Friday, December 12th. Finally, National Bank Financial boosted their price objective on Athabasca Oil from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Friday, January 9th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$8.21.

Athabasca Oil Trading Down 0.2%

Shares of ATH stock opened at C$8.75 on Friday. Athabasca Oil has a 1-year low of C$4.05 and a 1-year high of C$9.38. The firm has a market cap of C$4.25 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of -0.51 and a beta of 0.51. The company has a 50-day moving average of C$7.88 and a two-hundred day moving average of C$7.21. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.78 and a quick ratio of 1.24.

Athabasca Oil (TSE:ATH) last released its quarterly earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.10 earnings per share (EPS) for the quarter. Athabasca Oil had a net margin of 18.29% and a return on equity of 13.86%. On average, analysts predict that Athabasca Oil will post 0.5403473 EPS for the current year.

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.