Athabasca Oil (TSE:ATH) Cut to “Tender” at TD

TD lowered shares of Athabasca Oil (TSE:ATH) from a hold rating to a tender rating in a research report released on Tuesday,BayStreet reports. The firm currently has C$12.00 price target on the oil and gas exploration company’s stock, up from their prior price target of C$11.00.

A number of other research analysts also recently issued reports on the company. Desjardins set a C$12.50 price objective on Athabasca Oil and gave the company a “hold” rating in a research note on Friday, July 17th. BMO Capital Markets cut Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 target price for the company. in a research note on Wednesday, September 16th. Finally, Royal Bank Of Canada set a C$12.00 price target on Athabasca Oil and gave the company a “sector perform” rating in a research note on Thursday, September 10th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Athabasca Oil currently has an average rating of “Hold” and a consensus price target of C$11.56.

Athabasca Oil Price Performance

ATH stock opened at C$12.31 on Tuesday. The firm has a market cap of C$5.92 billion, a price-to-earnings ratio of 26.19, a PEG ratio of -0.51 and a beta of 0.10. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 10.95. Athabasca Oil has a 12-month low of C$6.11 and a 12-month high of C$12.86. The company’s fifty day simple moving average is C$10.71 and its 200 day simple moving average is C$10.91.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The business had revenue of C$306.54 million for the quarter. On average, analysts expect that Athabasca Oil will post 0.5403473 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Athabasca Oil Corporation purchased 49,500 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were acquired at an average price of C$10.14 per share, for a total transaction of C$501,930.00. Following the completion of the acquisition, the insider owned 742,100 shares in the company, valued at approximately C$7,524,894. The trade was a 7.15% increase in their ownership of the stock. Over the last 90 days, insiders purchased 1,150,600 shares of company stock worth $12,167,863. 0.24% of the stock is currently owned by corporate insiders.

Athabasca Oil News Roundup

Here are the key news stories impacting Athabasca Oil this week:

• Positive Sentiment: Cenovus acquisition provides a valuation catalyst. The proposed deal could deliver a defined exit value for Athabasca shareholders and removes some of the uncertainty associated with owning an oil producer. Trading volume has also been substantially above average, indicating strong investor attention. Cenovus Inks C$5.7 Billion Deal to Acquire Athabasca Oil
• Positive Sentiment: The transaction has pushed ATH closer to its one-year high. The takeover announcement represents a significant change from the company’s standalone valuation and may support the stock while investors await shareholder and regulatory approvals. Cenovus to Buy Athabasca in Deal Worth $4B
• Neutral Sentiment: Analysts are shifting from operating recommendations to deal-related ratings. National Bank changed its rating from Outperform to Tender and reduced its target from C$13.75 to C$12.00, reflecting the view that most of the potential value is now tied to the acquisition terms rather than future standalone growth. National Bank Downgrades Athabasca Oil to a Hold
• Negative Sentiment: TD Securities downgraded Athabasca to Strong Sell from Hold. The downgrade highlights limited upside after the takeover-driven rally and the possibility that the stock could trade below the proposed consideration if investors perceive execution, approval, or deal-completion risks. Athabasca Oil Stock Rating Lowered by TD Securities

About Athabasca Oil

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol ‘ATH’.