Athabasca Oil (TSE:ATH) Given a C$12.50 Price Target by Desjardins Analysts

Athabasca Oil (TSE:ATH) received a C$12.50 price objective from Desjardins in a research note issued on Friday, MarketBeat reports. The firm presently has a “hold” rating on the oil and gas exploration company’s stock. Desjardins’ price target suggests a potential upside of 16.17% from the stock’s current price.

Several other research firms also recently weighed in on ATH. Royal Bank Of Canada upped their price target on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. National Bank Financial lifted their price objective on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the stock a “buy” rating in a report on Thursday, June 4th. Finally, Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from C$8.00 to C$13.00 in a research note on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Athabasca Oil presently has an average rating of “Hold” and an average target price of C$11.50.

Athabasca Oil Trading Up 1.2%

Shares of TSE ATH opened at C$10.76 on Friday. Athabasca Oil has a 1 year low of C$5.50 and a 1 year high of C$12.86. The stock has a market cap of C$5.21 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of -0.51 and a beta of -0.19. The firm has a 50-day moving average of C$11.11 and a 200 day moving average of C$9.81. The company has a debt-to-equity ratio of 11.35, a current ratio of 1.74 and a quick ratio of 1.24.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings data on Thursday, May 7th. The oil and gas exploration company reported C$0.10 EPS for the quarter. Athabasca Oil had a net margin of 16.25% and a return on equity of 12.23%. The business had revenue of C$355.58 million for the quarter. As a group, sell-side analysts expect that Athabasca Oil will post 0.5403473 EPS for the current fiscal year.

Insider Activity at Athabasca Oil

In other news, insider Athabasca Oil Corporation purchased 48,800 shares of Athabasca Oil stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of C$10.30 per share, with a total value of C$502,640.00. Following the completion of the transaction, the insider directly owned 1,070,200 shares of the company’s stock, valued at approximately C$11,023,060. The trade was a 4.78% increase in their ownership of the stock. Insiders have purchased a total of 476,400 shares of company stock worth $5,086,334 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

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.