Athabasca Oil (TSE:ATH) Price Target Cut to C$5.50

Athabasca Oil (TSE:ATH) had its price objective dropped by research analysts at Royal Bank of Canada from C$6.00 to C$5.50 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Royal Bank of Canada’s price target points to a potential upside of 2.42% from the stock’s current price.

Several other equities analysts have also recently commented on ATH. ATB Capital boosted their target price on Athabasca Oil from C$7.00 to C$7.50 in a research report on Thursday, July 25th. TD Securities boosted their target price on Athabasca Oil from C$5.50 to C$6.00 in a research report on Thursday, July 25th. Finally, National Bankshares boosted their target price on Athabasca Oil from C$7.00 to C$7.50 in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$6.36.

Athabasca Oil Stock Performance

Shares of TSE ATH traded up C$0.09 during mid-day trading on Tuesday, hitting C$5.37. The company had a trading volume of 1,790,146 shares, compared to its average volume of 3,048,571. The company has a market capitalization of C$2.92 billion, a price-to-earnings ratio of 35.80, a P/E/G ratio of -0.51 and a beta of 2.08. Athabasca Oil has a 1 year low of C$3.36 and a 1 year high of C$5.72. 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 stock’s 50-day moving average price is C$5.32 and its 200-day moving average price is C$5.15.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings results on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 earnings per share for the quarter. The company had revenue of C$401.74 million during the quarter. Athabasca Oil had a return on equity of 5.04% and a net margin of 6.32%. On average, sell-side analysts forecast that Athabasca Oil will post 0.6401565 earnings per share for the current year.

Insider Activity

In related news, 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. In related news, 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. Also, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the company’s 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 value of C$1,198,879.20. 0.55% of the stock is currently owned by corporate insiders.

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.