BMO Capital Markets Forecasts Strong Price Appreciation for Athabasca Oil (TSE:ATH) Stock

Athabasca Oil (TSE:ATH) had its price objective boosted by equities researchers at BMO Capital Markets from C$6.50 to C$7.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 28.44% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the stock. National Bankshares lowered their target price on shares of Athabasca Oil from C$7.50 to C$6.50 in a research note on Friday, September 27th. Raymond James raised Athabasca Oil to a “hold” rating in a research note on Thursday, October 17th. TD Securities reduced their price objective on Athabasca Oil from C$6.00 to C$5.50 in a research report on Tuesday, October 1st. Scotiabank set a C$6.50 target price on Athabasca Oil and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada raised their price objective on Athabasca Oil from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. Four equities research 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$6.31.

Athabasca Oil Trading Up 0.9 %

Shares of ATH opened at C$5.45 on Tuesday. The business’s 50-day moving average price is C$5.18 and its 200-day moving average price is C$5.22. The company has a quick ratio of 1.24, a current ratio of 2.46 and a debt-to-equity ratio of 11.60. Athabasca Oil has a twelve month low of C$4.03 and a twelve month high of C$5.79. The stock has a market cap of C$2.96 billion, a PE ratio of 36.33, a P/E/G ratio of -0.51 and a beta of 2.05.

Athabasca Oil Company Profile

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.