Athabasca Oil (TSE:ATH) Price Target Raised to C$12.50 at National Bank Financial

Athabasca Oil (TSE:ATH) had its target price upped by National Bank Financial from C$9.00 to C$12.50 in a report published on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the oil and gas exploration company’s stock.

ATH has been the subject of a number of other reports. TD Securities lifted their price target on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday, March 6th. Raymond James Financial upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$8.00 to C$13.00 in a research report on Monday. Scotiabank lifted their target price on shares of Athabasca Oil from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada downgraded shares of Athabasca Oil from a “moderate buy” rating to a “hold” rating and lifted their target price for the stock from C$7.00 to C$9.00 in a research report on Monday, February 23rd. Finally, Desjardins decreased their target price on shares of 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. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Athabasca Oil presently has a consensus rating of “Hold” and an average price target of C$9.79.

Athabasca Oil Trading Up 3.3%

Athabasca Oil stock opened at C$11.25 on Tuesday. The company has a debt-to-equity ratio of 11.38, a current ratio of 1.78 and a quick ratio of 1.24. Athabasca Oil has a one year low of C$4.05 and a one year high of C$11.27. The stock has a market capitalization of C$5.40 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of -0.51 and a beta of 0.51. The business’s fifty day moving average is C$8.83 and its 200 day moving average is C$7.64.

Athabasca Oil (TSE:ATH) last issued its earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. Athabasca Oil had a return on equity of 13.86% and a net margin of 18.29%. On average, sell-side 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.