Athabasca Oil (TSE:ATH) Lowered to “Sector Perform” Rating by Royal Bank Of Canada

Royal Bank Of Canada lowered shares of Athabasca Oil (TSE:ATH) from an outperform rating to a sector perform rating in a research report report published on Monday morning,BayStreet.CA reports. They currently have C$9.00 target price on the oil and gas exploration company’s stock, up from their prior target price of C$7.00.

Several other brokerages have also weighed in on ATH. Raymond James Financial lifted their target price on shares of Athabasca Oil from C$6.50 to C$7.00 in a research report on Thursday, October 30th. TD Securities lifted their price objective on Athabasca Oil from C$6.50 to C$7.00 and gave the company a “hold” rating in a report on Thursday, October 30th. National Bank Financial upped their price objective on Athabasca Oil from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. Desjardins cut their target price on Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating for the company in a research report on Friday, December 12th. Finally, Scotiabank boosted their price target on Athabasca Oil from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Athabasca Oil currently has a consensus rating of “Hold” and an average target price of C$7.75.

Athabasca Oil Stock Performance

TSE:ATH opened at C$8.54 on Monday. Athabasca Oil has a 1 year low of C$4.05 and a 1 year high of C$9.15. The firm’s fifty day simple moving average is C$7.54 and its 200 day simple moving average is C$7.02. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55. The firm has a market capitalization of C$4.15 billion, a PE ratio of 9.82, a PEG ratio of -0.51 and a beta of 0.53.

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.