Athabasca Oil (TSE:ATH) Given a C$6.50 Price Target at National Bankshares

National Bankshares set a C$6.50 price objective on Athabasca Oil (TSE:ATH) in a report published on Tuesday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the oil and gas exploration company’s stock.

Several other equities analysts have also issued reports on ATH. TD Securities lowered Athabasca Oil from a buy rating to a hold rating and set a C$6.00 price target on the stock. in a research report on Tuesday, March 12th. Desjardins downgraded shares of 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. ATB Capital increased 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 research report on Wednesday, March 20th. BMO Capital Markets set a C$6.50 price objective on shares of Athabasca Oil and gave the company an outperform rating in a research report on Monday, April 8th. Finally, Stifel Nicolaus upped their price objective on shares of Athabasca Oil from C$5.00 to C$5.75 and gave the company a buy rating in a research note on Monday, March 4th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Athabasca Oil currently has a consensus rating of Hold and an average price target of C$6.07.

Athabasca Oil Price Performance

Shares of Athabasca Oil stock opened at C$4.76 on Tuesday. 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 has a 52-week low of C$2.54 and a 52-week high of C$5.59. The company has a fifty day moving average of C$5.11 and a 200-day moving average of C$4.49. The stock has a market capitalization of C$2.70 billion, a price-to-earnings ratio of -52.89, a price-to-earnings-growth ratio of -0.51 and a beta of 2.16.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share (EPS) for the quarter. Athabasca Oil had a negative net margin of 4.29% and a negative return on equity of 3.11%. The business had revenue of C$315.93 million during the quarter. Equities research analysts expect that Athabasca Oil will post 0.5253664 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of Athabasca Oil 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. Company insiders own 0.64% of the company’s stock.

About Athabasca Oil

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.