BMO Capital Markets Issues Pessimistic Forecast for Athabasca Oil (TSE:ATH) Stock Price

Athabasca Oil (TSE:ATH) had its price target lowered by equities research analysts at BMO Capital Markets from C$7.00 to C$6.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 25.00% from the company’s current price.

Athabasca Oil Trading Up 4.8 %

Shares of ATH opened at C$4.80 on Thursday. Athabasca Oil has a fifty-two week low of C$4.11 and a fifty-two week high of C$5.79. The stock has a fifty day moving average of C$5.06 and a two-hundred day moving average of C$5.11. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54. The company has a market capitalization of C$2.50 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05.

Insider Buying and Selling

In related news, insider Athabasca Oil Corporation purchased 105,700 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of C$4.91 per share, with a total value of C$519,409.80. 0.24% of the stock is currently owned by company insiders.

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.