Athabasca Oil (TSE:ATH) Price Target Cut to C$6.50 by Analysts at National Bankshares

Athabasca Oil (TSE:ATH) had its target price reduced by equities research analysts at National Bankshares from C$7.50 to C$6.50 in a report issued on Friday, BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 37.71% from the company’s current price.

Several other analysts have also issued reports on the company. ATB Capital upped their price objective on Athabasca Oil from C$7.00 to C$7.50 in a research note on Thursday, July 25th. TD Securities increased their price target on Athabasca Oil from C$5.50 to C$6.00 in a research note on Thursday, July 25th. Finally, Royal Bank of Canada reduced their price objective on shares of Athabasca Oil from C$6.00 to C$5.50 in a research report on Tuesday, September 17th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$6.21.

Athabasca Oil Stock Up 0.2 %

Shares of TSE ATH traded up C$0.01 during trading hours on Friday, hitting C$4.72. The company had a trading volume of 1,561,518 shares, compared to its average volume of 3,112,927. Athabasca Oil has a 1-year low of C$3.36 and a 1-year high of C$5.72. The company has a quick ratio of 1.24, a current ratio of 2.46 and a debt-to-equity ratio of 11.60. The firm’s 50 day moving average is C$5.30 and its 200-day moving average is C$5.15. The stock has a market capitalization of C$2.57 billion, a P/E ratio of 31.47, a price-to-earnings-growth ratio of -0.51 and a beta of 2.08.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings results on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 EPS for the quarter. The firm had revenue of C$401.74 million during the quarter. Athabasca Oil had a net margin of 6.32% and a return on equity of 5.04%. On average, analysts expect that Athabasca Oil will post 0.7400821 earnings per share for the current fiscal year.

Insider Transactions at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 259,700 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average cost of C$5.38 per share, for a total transaction of C$1,396,848.39. In related news, insider Athabasca Oil Corporation purchased 259,700 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was acquired at an average cost of C$5.38 per share, for a total transaction of C$1,396,848.39. Also, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$5.57, for a total value of C$1,198,879.20. Insiders own 0.55% of the company’s stock.

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.