Athabasca Oil (TSE:ATH) PT Set at C$6.50 by BMO Capital Markets

BMO Capital Markets set a C$6.50 price target on Athabasca Oil (TSE:ATH) in a research report sent to investors on Monday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the oil and gas exploration company’s stock.

A number of other brokerages also recently weighed in on ATH. Royal Bank of Canada downgraded shares of Athabasca Oil from an outperform rating to a sector perform rating and set a C$6.00 target price for the company. in a research note on Tuesday, March 26th. ATB Capital boosted their target price on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the company an outperform rating in a research note on Wednesday, March 20th. Desjardins upped their price target on shares of Athabasca Oil from C$5.50 to C$5.75 and gave the company a buy rating in a research note on Friday, March 22nd. Stifel Nicolaus upped 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 lowered shares of Athabasca Oil from a buy rating to a hold rating and set a C$6.00 price target on the stock. in a report on Tuesday, March 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of C$6.00.

Athabasca Oil Stock Performance

Shares of TSE:ATH opened at C$5.56 on Monday. The company’s 50 day simple moving average is C$4.90 and its 200 day simple moving average is C$4.38. The stock has a market capitalization of C$3.15 billion, a price-to-earnings ratio of -61.78, a price-to-earnings-growth ratio of -0.51 and a beta of 2.19. 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 has a 1 year low of C$2.54 and a 1 year high of C$5.59.

Athabasca Oil (TSE:ATH) last issued its earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$315.93 million for the quarter. Athabasca Oil had a negative net margin of 4.29% and a negative return on equity of 3.11%. As a group, research analysts predict that Athabasca Oil will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling at Athabasca Oil

In related news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of C$5.32, for a total transaction of C$130,340.00. 0.78% of the stock is owned by corporate insiders.

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.