Athabasca Oil (TSE:ATH) Given New C$8.00 Price Target at Scotiabank

Athabasca Oil (TSE:ATH) had its target price boosted by Scotiabank from C$7.00 to C$8.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the oil and gas exploration company’s stock.

Several other brokerages have also recently weighed in on ATH. TD Securities boosted their price objective on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. Raymond James Financial lifted their target price on Athabasca Oil from C$6.50 to C$7.00 in a report on Thursday, October 30th. Desjardins cut 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. National Bankshares raised their price target on Athabasca Oil from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research report on Friday, January 9th. Finally, Royal Bank Of Canada dropped their price objective on shares of Athabasca Oil from C$7.50 to C$7.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$7.46.

Athabasca Oil Trading Down 2.3%

Shares of ATH opened at C$6.85 on Tuesday. The stock has a market capitalization of C$3.33 billion, a PE ratio of 7.87, a P/E/G ratio of -0.51 and a beta of 0.68. The company’s fifty day moving average is C$7.20 and its 200 day moving average is C$6.58. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54. Athabasca Oil has a fifty-two week low of C$4.05 and a fifty-two week high of C$8.05.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings data on Thursday, October 30th. The oil and gas exploration company reported C$0.14 EPS for the quarter. Athabasca Oil had a net margin of 17.53% and a return on equity of 14.73%. The business had revenue of C$321.09 million during the quarter. Sell-side analysts expect that Athabasca Oil will post 0.5403473 earnings per share for the current fiscal year.

Insider Activity at Athabasca Oil

In related news, insider Athabasca Oil Corporation purchased 129,800 shares of Athabasca Oil stock in a transaction that occurred on Friday, October 31st. The shares were bought at an average price of C$6.82 per share, with a total value of C$885,236.00. Following the purchase, the insider directly owned 2,844,700 shares of the company’s stock, valued at approximately C$19,400,854. This represents a 4.78% increase in their position. Insiders have bought 889,500 shares of company stock valued at $6,051,994 in the last quarter. Corporate insiders own 0.24% of the company’s stock.

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.