Athabasca Oil (TSE:ATH) Price Target Cut to C$1.15

Athabasca Oil (TSE:ATH) had its target price lowered by CIBC from C$1.30 to C$1.15 in a research note published on Tuesday morning, BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. TD Securities reduced their price objective on shares of Athabasca Oil from C$1.15 to C$1.10 and set a buy rating on the stock in a research note on Thursday, August 1st. Royal Bank of Canada reduced their price objective on shares of Athabasca Oil from C$1.00 to C$0.90 and set a sector perform rating on the stock in a research note on Monday, October 7th. National Bank Financial reduced their price objective on shares of Athabasca Oil from C$1.65 to C$1.10 and set an outperform rating on the stock in a research note on Tuesday, June 25th. Finally, Raymond James reiterated a market perform rating and set a C$1.50 price objective on shares of Athabasca Oil in a research note on Thursday, August 1st.

Shares of Athabasca Oil stock opened at C$0.52 on Tuesday. The company has a market capitalization of $282.52 million and a price-to-earnings ratio of -1.38. The company has a quick ratio of 3.09, a current ratio of 3.51 and a debt-to-equity ratio of 46.89. Athabasca Oil has a 12-month low of C$0.50 and a 12-month high of C$1.53. The firm’s 50-day moving average price is C$0.61 and its two-hundred day moving average price is C$0.75.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings data on Wednesday, July 31st. The oil and gas exploration company reported C$0.11 earnings per share (EPS) for the quarter. The firm had revenue of C$218.23 million for the quarter. On average, sell-side analysts expect that Athabasca Oil will post -0.13 earnings per share for the current year.

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 Leismer and Hangingstone assets located in northeastern Alberta.

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