Athabasca Oil (TSE:ATH – Get Free Report) had its target price reduced by analysts at TD Securities from C$6.00 to C$5.50 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. TD Securities’ price target would suggest a potential upside of 10.22% from the company’s previous close.
ATH has been the topic of a number of other research reports. National Bankshares cut their price target on shares of Athabasca Oil from C$7.50 to C$6.50 in a report on Friday. Royal Bank of Canada cut their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, September 17th. Finally, ATB Capital raised their price target on shares of Athabasca Oil from C$7.00 to C$7.50 in a report on Thursday, July 25th. Three investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$6.14.
Read Our Latest Analysis on ATH
Athabasca Oil Trading Up 4.0 %
Athabasca Oil (TSE:ATH – Get Free Report) last released its earnings results 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 for the quarter. Equities analysts forecast that Athabasca Oil will post 0.5396825 EPS for the current year.
Insider Activity at Athabasca Oil
In related news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the business’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 transaction of C$1,198,879.20. 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 shares were 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 company’s stock in a transaction on Friday, August 30th. The stock was purchased 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 currently owned by company insiders.
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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