Athabasca Oil (TSE:ATH) Given a C$12.50 Price Target by Desjardins Analysts

Desjardins set a C$12.50 price objective on Athabasca Oil (TSE:ATH) in a research note published on Friday,BayStreet.CA reports. The firm currently has a hold rating on the oil and gas exploration company’s stock.

ATH has been the subject of a number of other reports. National Bank Financial boosted their price target on shares of Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Royal Bank Of Canada upped their price objective on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the company a “buy” rating in a research report on Thursday, June 4th. Finally, Raymond James Financial raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$8.00 to C$13.00 in a research report on Monday, March 30th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$11.50.

Athabasca Oil Price Performance

Shares of Athabasca Oil stock opened at C$10.76 on Friday. The company has a debt-to-equity ratio of 11.35, a current ratio of 1.74 and a quick ratio of 1.24. Athabasca Oil has a fifty-two week low of C$5.50 and a fifty-two week high of C$12.86. The firm has a fifty day moving average price of C$11.11 and a two-hundred day moving average price of C$9.81. The company has a market cap of C$5.21 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of -0.51 and a beta of -0.19.

Athabasca Oil (TSE:ATH) last issued its earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 EPS for the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%.The business had revenue of C$355.58 million during the quarter. Analysts expect that Athabasca Oil will post 0.5403473 EPS for the current year.

Insider Activity at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation acquired 48,800 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of C$10.30 per share, with a total value of C$502,640.00. Following the acquisition, the insider owned 1,070,200 shares in the company, valued at approximately C$11,023,060. This represents a 4.78% increase in their ownership of the stock. In the last quarter, insiders acquired 476,400 shares of company stock worth $5,086,334. Insiders own 0.24% of the company’s stock.

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.