Athabasca Oil (TSE:ATH – Get Free Report) had its target price boosted by equities research analysts at Royal Bank of Canada from C$5.50 to C$6.00 in a report issued on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the oil and gas exploration company’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 18.58% from the stock’s current price.
A number of other research firms also recently commented on ATH. ATB Capital increased their price objective on shares of Athabasca Oil from C$7.00 to C$7.50 in a research note on Thursday, July 25th. Raymond James upgraded shares of Athabasca Oil to a “hold” rating in a research note on Thursday, October 17th. National Bankshares dropped their target price on shares of Athabasca Oil from C$7.50 to C$6.50 in a report on Friday, September 27th. Scotiabank set a C$6.50 target price on shares of Athabasca Oil and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, TD Securities dropped their target price on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$6.25.
Get Our Latest Analysis on Athabasca Oil
Athabasca Oil Stock Down 2.1 %
Insider Buying and Selling at Athabasca Oil
In other Athabasca Oil news, insider Athabasca Oil Corporation bought 259,700 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were purchased at an average price of C$5.38 per share, for a total transaction of C$1,396,848.39. In other Athabasca Oil news, insider Athabasca Oil Corporation bought 259,700 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were purchased at an average price of C$5.38 per share, for a total transaction of C$1,396,848.39. Also, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the stock in a transaction that occurred on 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. Insiders own 0.24% of the company’s stock.
About Athabasca Oil
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.
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