Scotiabank set a C$6.50 price target on Athabasca Oil (TSE:ATH – Free Report) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The firm currently has an outperform rating on the oil and gas exploration company’s stock.
Several other research analysts also recently weighed in on the stock. National Bankshares lowered their price objective on shares of Athabasca Oil from C$7.50 to C$6.50 in a report on Friday, September 27th. ATB Capital upped their price objective on shares of Athabasca Oil from C$7.00 to C$7.50 in a report on Thursday, July 25th. Royal Bank of Canada lowered their price objective on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, September 17th. Finally, TD Securities lowered their target price on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$6.19.
Check Out Our Latest Stock Report on Athabasca Oil
Athabasca Oil Stock Up 2.6 %
Athabasca Oil (TSE:ATH – Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 earnings per share for the quarter. Athabasca Oil had a net margin of 6.32% and a return on equity of 5.04%. The firm had revenue of C$401.74 million for the quarter. As a group, sell-side analysts predict that Athabasca Oil will post 0.5403473 EPS for the current fiscal year.
Insider Activity at Athabasca Oil
In related news, insider Athabasca Oil Corporation purchased 259,700 shares of Athabasca Oil stock in a transaction that occurred on Friday, August 30th. The stock was bought 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 stock in a transaction dated 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. Also, insider Athabasca Oil Corporation bought 259,700 shares of the business’s stock in a transaction on Friday, August 30th. The shares were acquired at an average price of C$5.38 per share, with a total value of C$1,396,848.39. 0.24% of the stock is 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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