Desjardins Cuts Athabasca Oil (TSE:ATH) Price Target to C$8.25

Athabasca Oil (TSE:ATH) had its price objective trimmed by Desjardins from C$8.50 to C$8.25 in a report published on Friday,BayStreet.CA reports. The brokerage currently has a hold rating on the oil and gas exploration company’s stock.

A number of other research firms have also weighed in on ATH. Royal Bank Of Canada raised their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. 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. TD Securities boosted their price objective on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. Finally, Raymond James Financial increased their price objective on Athabasca Oil from C$6.50 to C$7.00 in a research note on Thursday, October 30th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$7.04.

Athabasca Oil Trading Down 4.6%

Shares of Athabasca Oil stock opened at C$7.11 on Friday. The stock has a market capitalization of C$3.46 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of -0.51 and a beta of 0.87. Athabasca Oil has a 52 week low of C$4.05 and a 52 week high of C$8.05. The stock has a 50 day moving average price of C$7.15 and a two-hundred day moving average price of C$6.35. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54.

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

Insider Activity at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation bought 138,100 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were purchased at an average price of C$6.25 per share, for a total transaction of C$863,125.00. Following the purchase, the insider directly owned 1,552,300 shares of the company’s stock, valued at approximately C$9,701,875. This represents a 9.77% increase in their ownership of the stock. Over the last quarter, insiders have purchased 2,844,700 shares of company stock worth $18,986,013. 0.24% of the stock is owned by company 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.