National Bankshares set a C$6.50 price objective on Athabasca Oil (TSE:ATH – Free Report) in a research report released on Tuesday, BayStreet.CA reports. The firm currently has a sector perform rating on the oil and gas exploration company’s stock.
Several other research firms have also issued reports on ATH. ATB Capital raised their target price on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock an outperform rating in a report on Wednesday, March 20th. Stifel Nicolaus boosted their target price on 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. TD Securities downgraded 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. Royal Bank of Canada lowered Athabasca Oil from an outperform rating to a sector perform rating and set a C$6.00 price target for the company. in a research note on Tuesday, March 26th. Finally, Desjardins lowered Athabasca Oil from a buy rating to a hold rating and set a C$5.75 target price on the stock. in a research note on Tuesday, April 23rd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of C$6.07.
Get Our Latest Research Report on Athabasca Oil
Athabasca Oil Stock Performance
Athabasca Oil (TSE:ATH – Get Free Report) 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. The business had revenue of C$315.93 million during the quarter. Athabasca Oil had a negative return on equity of 3.11% and a negative net margin of 4.29%. On average, equities research analysts forecast that Athabasca Oil will post 0.5253664 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of C$5.32, for a total transaction of C$130,340.00. 0.64% of the stock is currently owned by company 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.
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