Athabasca Oil (TSE:ATH) Price Target Lowered to C$5.50 at Royal Bank of Canada

Athabasca Oil (TSE:ATH) had its target price cut by Royal Bank of Canada from C$6.00 to C$5.50 in a research note issued to investors on Tuesday, BayStreet.CA reports.

A number of other research analysts also recently commented on the stock. ATB Capital upped their price objective on shares of Athabasca Oil from C$7.00 to C$7.50 in a research note on Thursday, July 25th. National Bankshares upped their price objective on shares of Athabasca Oil from C$7.00 to C$7.50 in a research note on Thursday, July 25th. Finally, TD Securities boosted their target price on Athabasca Oil from C$5.50 to C$6.00 in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of C$6.36.

Athabasca Oil Trading Up 2.5 %

Shares of ATH stock opened at C$5.41 on Tuesday. The firm has a 50-day moving average price of C$5.32 and a 200 day moving average price of C$5.15. 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$2.94 billion, a price-to-earnings ratio of 36.07, a PEG ratio of -0.51 and a beta of 2.08. The company has a current ratio of 2.46, a quick ratio of 1.24 and a debt-to-equity ratio of 11.60.

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

Insiders Place Their Bets

In related news, insider Athabasca Oil Corporation purchased 259,700 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was 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, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the company’s 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 value of C$1,198,879.20. Also, insider Athabasca Oil Corporation purchased 259,700 shares of the firm’s stock in a transaction on 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. 0.55% of the stock is owned by company 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.