Athabasca Oil (TSE:ATH) Rating Increased to Outperform at Raymond James Financial

Raymond James Financial upgraded shares of Athabasca Oil (TSE:ATH) from a market perform rating to an outperform rating in a report published on Monday morning,BayStreet.CA reports. The brokerage currently has C$13.00 price target on the oil and gas exploration company’s stock, up from their previous price target of C$8.00.

ATH has been the subject of a number of other reports. Scotiabank upped their price target on shares of Athabasca Oil from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Desjardins dropped their target price on Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating on the stock in a research report on Friday, December 12th. Royal Bank Of Canada lowered Athabasca Oil from a “moderate buy” rating to a “hold” rating and boosted their target price for the stock from C$7.00 to C$9.00 in a report on Monday, February 23rd. TD Securities increased their target price on Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, March 6th. Finally, National Bank Financial boosted their price objective on shares of Athabasca Oil from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Athabasca Oil presently has a consensus rating of “Hold” and an average target price of C$9.21.

Athabasca Oil Price Performance

Athabasca Oil stock opened at C$10.89 on Monday. The firm has a market capitalization of C$5.22 billion, a P/E ratio of 22.22, a PEG ratio of -0.51 and a beta of 0.51. The company has a quick ratio of 1.24, a current ratio of 1.78 and a debt-to-equity ratio of 11.38. Athabasca Oil has a 52-week low of C$4.05 and a 52-week high of C$11.16. The firm has a fifty day moving average of C$8.74 and a 200-day moving average of C$7.60.

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%. As a group, 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.