Athabasca Oil (TSE:ATH) Upgraded to “Outperform” by National Bankshares

National Bankshares upgraded shares of Athabasca Oil (TSE:ATHFree Report) from a sector perform rating to an outperform rating in a research note published on Thursday, BayStreet.CA reports. They currently have C$7.00 price objective on the oil and gas exploration company’s stock, up from their previous price objective of C$6.50.

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

Check Out Our Latest Report on ATH

Athabasca Oil Stock Down 2.2 %

Shares of TSE ATH traded down C$0.11 on Thursday, reaching C$4.88. 4,464,467 shares of the company’s stock traded hands, compared to its average volume of 3,367,300. The company has a quick ratio of 1.24, a current ratio of 2.70 and a debt-to-equity ratio of 11.72. The business’s 50 day simple moving average is C$5.11 and its two-hundred day simple moving average is C$4.51. 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$2.77 billion, a price-to-earnings ratio of -54.22, a price-to-earnings-growth ratio of -0.51 and a beta of 2.16.

Athabasca Oil (TSE:ATHGet Free Report) last announced 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. As a group, equities research analysts forecast that Athabasca Oil will post 0.5253664 EPS for the current fiscal year.

Insider Activity at Athabasca Oil

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

Athabasca Oil Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Athabasca Oil (TSE:ATH)

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