Athabasca Oil (TSE:ATH) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Athabasca Oil (TSE:ATH) had its target price boosted by BMO Capital Markets from C$6.50 to C$7.00 in a research note issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price objective would suggest a potential upside of 28.44% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Scotiabank set a C$6.50 price objective on Athabasca Oil and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. 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. National Bankshares lowered their price target on Athabasca Oil from C$7.50 to C$6.50 in a research report on Friday, September 27th. Raymond James raised shares of Athabasca Oil to a “hold” rating in a research note on Thursday, October 17th. Finally, TD Securities cut their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$6.31.

Athabasca Oil Trading Up 0.9 %

ATH stock opened at C$5.45 on Tuesday. The company has a market capitalization of C$2.96 billion, a price-to-earnings ratio of 36.33, a PEG ratio of -0.51 and a beta of 2.05. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.46 and a quick ratio of 1.24. Athabasca Oil has a 1-year low of C$4.03 and a 1-year high of C$5.79. The business has a 50 day simple moving average of C$5.18 and a two-hundred day simple moving average of C$5.22.

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.