Athabasca Oil (TSE:ATH) Price Target Cut to C$6.00 by Analysts at BMO Capital Markets

Athabasca Oil (TSE:ATH) had its target price cut by analysts at BMO Capital Markets from C$7.00 to C$6.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential upside of 25.00% from the stock’s previous close.

Athabasca Oil Stock Up 4.8 %

Shares of Athabasca Oil stock opened at C$4.80 on Thursday. The business has a 50-day moving average price of C$5.06 and a 200 day moving average price of C$5.11. Athabasca Oil has a fifty-two week low of C$4.11 and a fifty-two week high of C$5.79. The firm has a market cap of C$2.50 billion, a P/E ratio of 11.29, a P/E/G ratio of -0.51 and a beta of 2.05. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55.

Insider Activity at Athabasca Oil

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

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.