Athabasca Oil (ATH) PT Lowered to C$1.50 at Canaccord Genuity

Athabasca Oil (TSE:ATH) had its target price cut by Canaccord Genuity from C$2.75 to C$1.50 in a research note issued to investors on Thursday morning.

Several other research analysts also recently commented on the company. BMO Capital Markets lowered their target price on Athabasca Oil from C$2.25 to C$2.00 in a research note on Tuesday, October 9th. Raymond James restated a market perform rating and set a C$2.50 price target on shares of Athabasca Oil in a report on Wednesday, December 12th. Finally, Royal Bank of Canada reduced their price target on Athabasca Oil from C$3.00 to C$2.25 in a report on Tuesday, January 8th.

Shares of TSE ATH opened at C$0.99 on Thursday. The company has a current ratio of 2.32, a quick ratio of 1.89 and a debt-to-equity ratio of 37.61. Athabasca Oil has a 12 month low of C$0.83 and a 12 month high of C$1.98.

Athabasca Oil (TSE:ATH) last issued its earnings results on Wednesday, November 7th. The oil and gas exploration company reported C$0.06 EPS for the quarter. The business had revenue of C$255.95 million for the quarter. Equities research analysts forecast that Athabasca Oil will post -0.02 EPS for the current fiscal year.

In other news, Director Thomas William Ebbern purchased 100,000 shares of Athabasca Oil stock in a transaction dated Friday, December 14th. The shares were bought at an average cost of C$1.08 per share, for a total transaction of C$108,000.00.

About Athabasca Oil

Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Hangingstone asset in northeastern Alberta.

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