Royal Bank Of Canada Cuts Athabasca Oil (TSE:ATH) Price Target to C$7.00

Athabasca Oil (TSE:ATH) had its price objective reduced by Royal Bank Of Canada from C$7.50 to C$7.00 in a research report report published on Tuesday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the oil and gas exploration company’s stock.

A number of other equities analysts have also recently issued reports on ATH. TD Securities raised their target price on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. National Bankshares increased their price target on shares of Athabasca Oil from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. Desjardins reduced their price objective on shares of Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating on the stock in a research note on Friday, December 12th. Scotiabank boosted their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Finally, Raymond James Financial increased their target price on shares of Athabasca Oil from C$6.50 to C$7.00 in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$7.32.

Athabasca Oil Stock Down 0.1%

ATH opened at C$6.97 on Tuesday. The company has a market capitalization of C$3.39 billion, a P/E ratio of 8.01, a P/E/G ratio of -0.51 and a beta of 0.68. The company has a debt-to-equity ratio of 12.55, a current ratio of 2.54 and a quick ratio of 1.24. The firm’s fifty day moving average price is C$7.21 and its two-hundred day moving average price is C$6.54. Athabasca Oil has a fifty-two week low of C$4.05 and a fifty-two week high of C$8.05.

Athabasca Oil (TSE:ATH) last issued its earnings results on Thursday, October 30th. The oil and gas exploration company reported C$0.14 earnings per share (EPS) for the quarter. Athabasca Oil had a return on equity of 14.73% and a net margin of 17.53%.The business had revenue of C$321.09 million during the quarter. On average, analysts anticipate that Athabasca Oil will post 0.5403473 EPS for the current year.

Insider Transactions at Athabasca Oil

In related news, insider Athabasca Oil Corporation acquired 129,800 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was bought at an average price of C$6.82 per share, with a total value of C$885,236.00. Following the acquisition, the insider owned 2,844,700 shares in the company, valued at C$19,400,854. This represents a 4.78% increase in their position. Insiders bought a total of 1,292,400 shares of company stock worth $8,635,606 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.

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.