Athabasca Oil (TSE:ATH) Upgraded by Raymond James to Hold

Athabasca Oil (TSE:ATH) was upgraded by research analysts at Raymond James to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

ATH has been the subject of a number of other reports. ATB Capital increased their target price on shares of Athabasca Oil from C$7.00 to C$7.50 in a report on Thursday, July 25th. National Bankshares dropped their price target on Athabasca Oil from C$7.50 to C$6.50 in a research report on Friday, September 27th. Scotiabank set a C$6.50 price objective on Athabasca Oil and gave the company an “outperform” rating in a research report on Tuesday. TD Securities cut their price objective on shares of Athabasca Oil from C$6.00 to C$5.50 in a research report on Tuesday, October 1st. Finally, Royal Bank of Canada decreased their target price on shares of Athabasca Oil from C$6.00 to C$5.50 in a research report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$6.19.

Athabasca Oil Trading Down 1.2 %

Shares of ATH stock opened at C$5.12 on Thursday. The company has a current ratio of 2.46, a quick ratio of 1.24 and a debt-to-equity ratio of 11.60. The business’s 50 day moving average is C$5.21 and its two-hundred day moving average is C$5.14. Athabasca Oil has a twelve month low of C$3.36 and a twelve month high of C$5.72. The company has a market capitalization of C$2.78 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 earnings per share (EPS) for the quarter. The business had revenue of C$401.74 million for the quarter. Athabasca Oil had a net margin of 6.32% and a return on equity of 5.04%. Equities analysts forecast that Athabasca Oil will post 0.5403473 EPS for the current year.

Insider Transactions at Athabasca Oil

In related news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$5.57, for a total transaction of C$1,198,879.20. In other Athabasca Oil news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$5.57, for a total transaction of C$1,198,879.20. Also, insider Athabasca Oil Corporation bought 259,700 shares of the stock in a transaction dated Friday, August 30th. The stock was bought at an average price of C$5.38 per share, with a total value of C$1,396,848.39. Company insiders own 0.24% of the company’s stock.

Athabasca Oil Company Profile

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.