Athabasca Oil (TSE:ATH) Cut to “Sector Perform” at Royal Bank Of Canada

Athabasca Oil (TSE:ATH) was downgraded by analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a note issued to investors on Monday,BayStreet.CA reports. They currently have a C$9.00 price objective on the oil and gas exploration company’s stock, up from their previous price objective of C$7.00. Royal Bank Of Canada’s target price indicates a potential upside of 4.65% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Desjardins lowered their target price on shares of Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating on the stock in a report on Friday, December 12th. TD Securities boosted their price objective 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 Bank Financial lifted their target price on 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. Scotiabank upped their price target on Athabasca Oil from C$7.00 to C$8.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. Finally, Raymond James Financial raised their price objective on Athabasca Oil from C$6.50 to C$7.00 in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$7.75.

Athabasca Oil Stock Down 3.2%

ATH stock traded down C$0.28 during midday trading on Monday, reaching C$8.60. 1,802,308 shares of the company’s stock traded hands, compared to its average volume of 2,471,981. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55. The firm’s fifty day moving average price is C$7.51 and its 200-day moving average price is C$7.00. Athabasca Oil has a 52 week low of C$4.05 and a 52 week high of C$9.15. The company has a market cap of C$4.18 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of -0.51 and a beta of 0.53.

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.