Royal Bank of Canada Lowers Athabasca Oil (TSE:ATH) to Sector Perform

Royal Bank of Canada downgraded shares of Athabasca Oil (TSE:ATH) from an outperform rating to a sector perform rating in a research report sent to investors on Tuesday, BayStreet.CA reports. Royal Bank of Canada currently has C$6.00 target price on the oil and gas exploration company’s stock.

A number of other brokerages also recently commented on ATH. TD Securities downgraded shares of Athabasca Oil from a buy rating to a hold rating and set a C$6.00 target price on the stock. in a research note on Tuesday, March 12th. BMO Capital Markets dropped their target price on shares of Athabasca Oil from C$4.75 to C$4.50 and set a market perform rating for the company in a research report on Thursday, December 7th. Stifel Nicolaus boosted 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 research report on Monday, March 4th. ATB Capital lifted their price target on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the company an outperform rating in a report on Wednesday, March 20th. Finally, Desjardins lifted 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 report on Friday, March 22nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of C$5.67.

Athabasca Oil Stock Up 0.6 %

Shares of TSE ATH opened at C$5.23 on Tuesday. Athabasca Oil has a 1 year low of C$2.54 and a 1 year high of C$5.48. The firm’s 50 day moving average price is C$4.78 and its 200 day moving average price is C$4.31. The firm has a market cap of C$2.97 billion, a P/E ratio of -58.11, 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 quick ratio of 1.24 and a current ratio of 2.70.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share for the quarter. The company 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, sell-side analysts anticipate that Athabasca Oil will post 0.4798903 earnings per share for the current year.

Insider Buying and Selling at Athabasca Oil

In other Athabasca Oil news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the business’s stock in a transaction dated 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 currently owned by company insiders.

Athabasca Oil Company Profile

Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates through Thermal Oil and Light Oil segments. Its principal properties are in the Greater Placid and Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer and Hangingstone projects located in the Athabasca region of northeastern Alberta.