Athabasca Oil (TSE:ATH) Posts Quarterly Earnings Results

Athabasca Oil (TSE:ATH) posted its earnings results on Wednesday. The oil and gas exploration company reported C$0.10 earnings per share for the quarter, FiscalAI reports. Athabasca Oil had a net margin of 33.02% and a return on equity of 26.26%.

Athabasca Oil Stock Up 0.2%

Athabasca Oil stock opened at C$8.77 on Thursday. The company has a 50 day moving average of C$7.81 and a 200-day moving average of C$7.16. The company has a quick ratio of 1.24, a current ratio of 2.02 and a debt-to-equity ratio of 11.13. Athabasca Oil has a twelve month low of C$4.05 and a twelve month high of C$9.38. The stock has a market capitalization of C$4.26 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of -0.51 and a beta of 0.53.

Analyst Ratings Changes

ATH has been the subject of a number of recent research reports. Desjardins dropped their target price on Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating for the company in a report on Friday, December 12th. National Bank Financial raised their price objective on shares of Athabasca Oil from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Friday, January 9th. Royal Bank Of Canada downgraded Athabasca Oil from a “moderate buy” rating to a “hold” rating and boosted their target price for the stock from C$7.00 to C$9.00 in a report on Monday, February 23rd. Finally, Scotiabank raised their price target on Athabasca Oil from C$7.00 to C$8.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Athabasca Oil currently has a consensus rating of “Hold” and an average price target of C$7.75.

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.