Athabasca Oil (TSE:ATH) Upgraded at National Bankshares

Athabasca Oil (TSE:ATH) was upgraded by equities researchers at National Bankshares from a “sector perform” rating to an “outperform” rating in a report released on Thursday, BayStreet.CA reports. The firm currently has a C$7.00 target price on the oil and gas exploration company’s stock, up from their prior target price of C$6.50. National Bankshares’ price target indicates a potential upside of 40.85% from the stock’s current price.

A number of other research analysts also recently weighed in on ATH. Desjardins downgraded shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$5.75 target price for the company. in a research report on Tuesday, April 23rd. BMO Capital Markets set a C$6.50 price target on Athabasca Oil and gave the company an “outperform” rating in a research note on Monday, April 8th. Royal Bank of Canada cut Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 price objective on the stock. in a research note on Tuesday, March 26th. Stifel Nicolaus boosted their target price on shares of Athabasca Oil from C$5.00 to C$5.75 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, TD Securities downgraded shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 price objective for the company. in a research report on Tuesday, March 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$6.14.

Athabasca Oil Stock Up 2.9 %

ATH stock traded up C$0.14 during trading hours on Thursday, reaching C$4.97. 3,904,409 shares of the stock were exchanged, compared to its average volume of 3,347,754. The firm’s 50-day moving average is C$5.11 and its 200-day moving average is C$4.50. Athabasca Oil has a 12 month low of C$2.54 and a 12 month high of C$5.59. The company has a market cap of C$2.82 billion, a price-to-earnings ratio of -55.44, a PEG ratio of -0.51 and a beta of 2.16. The company has a debt-to-equity ratio of 11.72, a current ratio of 2.70 and a quick ratio of 1.24.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings data on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share (EPS) for the quarter. Athabasca Oil had a negative return on equity of 3.11% and a negative net margin of 4.29%. The business had revenue of C$315.93 million during the quarter. On average, equities research analysts expect that Athabasca Oil will post 0.5253664 earnings per share for the current year.

Insider Transactions at Athabasca Oil

In other Athabasca Oil news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of Athabasca Oil stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of C$5.32, for a total value of C$130,340.00. Insiders own 0.64% of the company’s stock.

Athabasca Oil Company Profile

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.