Athabasca Oil (TSE:ATH) Lowered to Hold at Desjardins

Athabasca Oil (TSE:ATH) was downgraded by research analysts at Desjardins from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, BayStreet.CA reports. They presently have a C$5.75 price objective on the oil and gas exploration company’s stock. Desjardins’ price target indicates a potential upside of 13.86% from the stock’s current price.

Several other research analysts also recently commented on the stock. TD Securities downgraded shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 price target for the company. in a report on Tuesday, March 12th. BMO Capital Markets set a C$6.50 price objective on shares of Athabasca Oil and gave the stock an “outperform” rating in a report on Monday, April 8th. Royal Bank of Canada lowered shares of Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 target price for the company. in a research report on Tuesday, March 26th. Stifel Nicolaus upped their target price on shares of Athabasca Oil from C$5.00 to C$5.75 and gave the stock a “buy” rating in a research report on Monday, March 4th. Finally, ATB Capital upped their price target on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the company an “outperform” rating in a research report on Wednesday, March 20th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Athabasca Oil currently has a consensus rating of “Moderate Buy” and a consensus price target of C$6.00.

Athabasca Oil Stock Up 0.4 %

Shares of ATH stock traded up C$0.02 on Tuesday, reaching C$5.05. 3,102,999 shares of the company were exchanged, compared to its average volume of 3,343,418. Athabasca Oil has a one year low of C$2.54 and a one year high of C$5.59. The company has a market cap of C$2.86 billion, a price-to-earnings ratio of -55.67, a PEG ratio of -0.51 and a beta of 2.19. The company has a debt-to-equity ratio of 11.72, a current ratio of 2.70 and a quick ratio of 1.24. The company has a 50-day moving average of C$5.05 and a 200-day moving average of C$4.45.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings data on Thursday, February 29th. The oil and gas exploration company reported C$0.03 EPS for the quarter. Athabasca Oil had a negative net margin of 4.29% and a negative return on equity of 3.11%. The firm had revenue of C$315.93 million during the quarter. Analysts anticipate that Athabasca Oil will post 0.5260059 earnings per share for the current year.

Insiders Place Their Bets

In other Athabasca Oil news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$5.32, for a total value of C$130,340.00. Corporate insiders own 0.78% of the company’s stock.

Athabasca Oil Company Profile

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.