National Bank Financial Increases Athabasca Oil (TSE:ATH) Price Target to C$12.50

Athabasca Oil (TSE:ATH) had its price target raised by research analysts at National Bank Financial from C$9.00 to C$12.50 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the oil and gas exploration company’s stock. National Bank Financial’s price objective would indicate a potential upside of 21.12% from the stock’s previous close.

ATH has been the topic of a number of other research reports. TD Securities upped their target price on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday, March 6th. Royal Bank Of Canada cut Athabasca Oil from a “moderate buy” rating to a “hold” rating and lifted their price target for the company from C$7.00 to C$9.00 in a research report on Monday, February 23rd. Desjardins lowered their price objective on Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating on the stock in a research report on Friday, December 12th. Scotiabank raised their price objective on shares of Athabasca Oil from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Finally, Raymond James Financial raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and lifted their target price for the company from C$8.00 to C$13.00 in a report on Monday. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Athabasca Oil currently has an average rating of “Hold” and an average target price of C$9.79.

Athabasca Oil Trading Down 8.3%

Shares of Athabasca Oil stock opened at C$10.32 on Tuesday. The stock has a market cap of C$4.95 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of -0.51 and a beta of 0.51. The firm has a fifty day moving average price of C$8.89 and a 200 day moving average price of C$7.65. Athabasca Oil has a 1 year low of C$4.05 and a 1 year high of C$11.27. The company has a debt-to-equity ratio of 11.38, a current ratio of 1.78 and a quick ratio of 1.24.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.10 EPS for the quarter. Athabasca Oil had a net margin of 18.29% and a return on equity of 13.86%. Equities research analysts predict that Athabasca Oil will post 0.5403473 earnings per share for the current year.

Athabasca Oil Company Profile

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.