Raymond James Financial Cuts Athabasca Oil (ATH) Price Target to C$1.25

Athabasca Oil (TSE:ATH) had its price target cut by research analysts at Raymond James Financial from C$1.50 to C$1.25 in a report released on Monday. Raymond James Financial’s price target would suggest a potential upside of 17.92% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Barclays lifted their price objective on Athabasca Oil from C$1.00 to C$1.50 in a research note on Wednesday, January 17th. Eight Capital set a C$2.30 price target on Athabasca Oil and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, BMO Capital Markets raised Athabasca Oil from an “underperform” rating to a “market perform” rating and set a C$1.30 price target for the company in a research note on Thursday, December 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$1.82.

Shares of Athabasca Oil (ATH) traded down C$0.05 on Monday, hitting C$1.06. The company had a trading volume of 838,144 shares, compared to its average volume of 859,841. The stock has a market capitalization of $540.37, a P/E ratio of -0.55 and a beta of 1.15. Athabasca Oil has a one year low of C$0.85 and a one year high of C$1.92.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas exploration company reported C$0.01 EPS for the quarter, topping the Zacks’ consensus estimate of C($0.01) by C$0.02. Athabasca Oil had a return on equity of 1.19% and a net margin of 2.90%. The firm had revenue of C$176.57 million during the quarter.

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Athabasca Oil Company Profile

Athabasca Oil Corporation is a Canada-based energy company, which is focused on the exploration for, and development and production of, light oil and liquids-rich natural gas from regions in northwestern Alberta, Canada, and bitumen from oil sands in the Athabasca region of northeastern Alberta, Canada.

Analyst Recommendations for Athabasca Oil (TSE:ATH)

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