Desjardins Has Lowered Expectations for Athabasca Oil (TSE:ATH) Stock Price

by · The Markets Daily

Athabasca Oil (TSE:ATH – Get Free Report) had its price target lowered by analysts at Desjardins from C$8.50 to C$8.25 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the oil and gas exploration company’s stock. Desjardins’ price objective indicates a potential upside of 15.71% from the stock’s previous close.

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

Read Our Latest Report on Athabasca Oil

Athabasca Oil Stock Performance

Shares of TSE:ATH traded down C$0.32 on Friday, hitting C$7.13. 2,388,007 shares of the company were exchanged, compared to its average volume of 2,308,691. The company’s 50 day moving average price is C$7.14 and its two-hundred day moving average price is C$6.32. The firm has a market capitalization of C$3.47 billion, a price-to-earnings ratio of 8.20, a PEG ratio of -0.51 and a beta of 0.87. 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 has a one year low of C$4.05 and a one year high of C$8.05.

Athabasca Oil (TSE:ATH – Get Free Report) last released its earnings results on Thursday, October 30th. The oil and gas exploration company reported C$0.14 earnings per share for the quarter. Athabasca Oil had a net margin of 17.53% and a return on equity of 14.73%. The business had revenue of C$321.09 million during the quarter. Research analysts expect that Athabasca Oil will post 0.5403473 earnings per share for the current year.

Insider Activity at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 138,100 shares of Athabasca Oil stock in a transaction that occurred on Thursday, October 16th. The stock was acquired at an average price of C$6.25 per share, for a total transaction of C$863,125.00. Following the completion of the acquisition, the insider owned 1,552,300 shares of the company’s stock, valued at approximately C$9,701,875. This trade represents a 9.77% increase in their position. Over the last ninety days, insiders have bought 2,844,700 shares of company stock valued at $18,986,013. Company insiders own 0.24% of the company’s stock.

Athabasca Oil Company Profile

(Get Free Report)

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.

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