Athabasca Oil (TSE:ATH) Price Target Raised to C$12.50 at Royal Bank Of Canada

Athabasca Oil (TSE:ATH) had its price objective boosted by analysts at Royal Bank Of Canada from C$12.00 to C$12.50 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the oil and gas exploration company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 9.17% from the stock’s current price.

Several other research analysts also recently commented on ATH. TD Securities lifted their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, March 6th. National Bank Financial raised their price target on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from C$8.00 to C$13.00 in a research note on Monday, March 30th. Finally, Scotiabank increased their price objective 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. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$10.38.

Athabasca Oil Price Performance

Athabasca Oil stock traded up C$0.13 during mid-day trading on Friday, hitting C$11.45. 871,882 shares of the company traded hands, compared to its average volume of 2,929,506. Athabasca Oil has a one year low of C$4.67 and a one year high of C$12.28. The company has a debt-to-equity ratio of 11.38, a quick ratio of 1.24 and a current ratio of 1.78. The stock has a market cap of C$5.49 billion, a price-to-earnings ratio of 23.37, a price-to-earnings-growth ratio of -0.51 and a beta of 0.12. The stock has a fifty day moving average price of C$10.23 and a 200-day moving average price of C$8.42.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings data on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. The firm had revenue of C$355.58 million during the quarter. Athabasca Oil had a net margin of 18.29% and a return on equity of 13.86%. On average, equities analysts predict that Athabasca Oil will post 0.5403473 earnings per share for the current fiscal year.

About Athabasca Oil

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.