Athabasca Oil (TSE:ATH) Cut to “Hold” at Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of Athabasca Oil (TSE:ATH) from a moderate buy rating to a hold rating in a research report released on Monday morning, MarketBeat Ratings reports. They currently have C$9.00 price objective on the oil and gas exploration company’s stock, up from their prior price objective of C$7.00.

Several other equities research analysts have also commented on ATH. Desjardins dropped their price objective on shares of Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating on the stock in a research note on Friday, December 12th. TD Securities upped their price target on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. National Bank Financial lifted their price objective on Athabasca Oil from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Friday, January 9th. Scotiabank boosted their target price on Athabasca Oil from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. Finally, Raymond James Financial raised their price target on Athabasca Oil from C$6.50 to C$7.00 in a report on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$7.75.

Athabasca Oil Trading Down 1.1%

ATH opened at C$8.68 on Monday. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55. Athabasca Oil has a 52 week low of C$4.05 and a 52 week high of C$9.15. The stock has a market cap of C$4.22 billion, a PE ratio of 9.98, a PEG ratio of -0.51 and a beta of 0.53. The business has a 50 day moving average of C$7.62 and a 200-day moving average of C$7.05.

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.