Athabasca Oil (TSE:ATH) Rating Increased to Outperform at Raymond James Financial

Athabasca Oil (TSE:ATH) was upgraded by research analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a report issued on Monday,BayStreet.CA reports. The firm currently has a C$13.00 target price on the oil and gas exploration company’s stock, up from their previous target price of C$8.00. Raymond James Financial’s target price points to a potential upside of 18.29% from the stock’s previous close.

Several other analysts have also recently weighed in on ATH. National Bank Financial lifted their price objective on shares of Athabasca Oil from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a research note on Friday, January 9th. TD Securities raised their target price on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, March 6th. Desjardins dropped their price target on shares of Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating for the company in a research report on Friday, December 12th. Scotiabank boosted their price target on Athabasca Oil from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. Finally, Royal Bank Of Canada downgraded Athabasca Oil from a “moderate buy” rating to a “hold” rating and increased their price target for the stock from C$7.00 to C$9.00 in a research report on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$9.21.

Athabasca Oil Stock Performance

TSE ATH traded up C$0.30 on Monday, reaching C$10.99. The stock had a trading volume of 3,267,037 shares, compared to its average volume of 2,773,693. The company has a debt-to-equity ratio of 11.38, a current ratio of 1.78 and a quick ratio of 1.24. The firm has a fifty day moving average of C$8.66 and a two-hundred day moving average of C$7.57. Athabasca Oil has a 1-year low of C$4.05 and a 1-year high of C$11.16. The company has a market cap of C$5.27 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of -0.51 and a beta of 0.51.

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