Athabasca Oil (TSE:ATH) Price Target Lowered to C$7.00 at Royal Bank Of Canada

Athabasca Oil (TSE:ATH) had its price target reduced by Royal Bank Of Canada from C$7.50 to C$7.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the oil and gas exploration company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 0.72% from the company’s current price.

Several other research firms have also commented on ATH. Raymond James Financial upped their price target on shares of Athabasca Oil from C$6.50 to C$7.00 in a report on Thursday, October 30th. TD Securities upped their price objective on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Desjardins cut their target price on shares of Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating for the company in a report on Friday, December 12th. Scotiabank raised their price target on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. Finally, National Bankshares lifted their price objective on shares of Athabasca Oil from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Friday. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$7.32.

Athabasca Oil Stock Performance

Athabasca Oil stock traded up C$0.12 during trading hours on Tuesday, hitting C$6.95. 2,020,449 shares of the stock traded hands, compared to its average volume of 3,813,421. The firm’s 50 day moving average price is C$7.22 and its 200-day moving average price is C$6.53. The company has a debt-to-equity ratio of 12.55, a current ratio of 2.54 and a quick ratio of 1.24. The stock has a market capitalization of C$3.38 billion, a price-to-earnings ratio of 7.99, a P/E/G ratio of -0.51 and a beta of 0.68. Athabasca Oil has a 1 year low of C$4.05 and a 1 year high of C$8.05.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Thursday, October 30th. The oil and gas exploration company reported C$0.14 earnings per share for the quarter. Athabasca Oil had a net margin of 17.53% and a return on equity of 14.73%. The company had revenue of C$321.09 million for the quarter. As a group, equities analysts expect that Athabasca Oil will post 0.5403473 EPS for the current fiscal year.

Insider Activity at Athabasca Oil

In other news, insider Athabasca Oil Corporation acquired 129,800 shares of Athabasca Oil stock in a transaction that occurred on Friday, October 31st. The stock was purchased at an average cost of C$6.82 per share, with a total value of C$885,236.00. Following the purchase, the insider owned 2,844,700 shares in the company, valued at C$19,400,854. This trade represents a 4.78% increase in their ownership of the stock. Insiders purchased 1,564,000 shares of company stock worth $10,362,476 in the last three months. 0.24% of the stock is currently owned by insiders.

About Athabasca Oil

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.