Athabasca Oil (TSE:ATH) Downgraded by Jefferies Financial Group to “Hold”

Athabasca Oil (TSE:ATH) was downgraded by research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report issued on Monday, BayStreet reports. They currently have a C$12.00 price target on the oil and gas exploration company’s stock, down from their previous price target of C$13.00. Jefferies Financial Group’s price objective suggests a potential downside of 1.15% from the stock’s previous close.

Several other research analysts have also recently commented on the stock. Royal Bank Of Canada set a C$12.00 target price on shares of Athabasca Oil and gave the stock a “sector perform” rating in a report on Thursday, September 10th. Desjardins set a C$12.50 price target on Athabasca Oil and gave the company a “hold” rating in a report on Friday, July 17th. TD downgraded Athabasca Oil from a “hold” rating to a “tender” rating and upped their target price for the company from C$11.00 to C$12.00 in a research report on Tuesday, October 6th. TD Securities cut shares of Athabasca Oil from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Finally, BMO Capital Markets cut Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 price objective for the company. in a report on Wednesday, September 16th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of C$11.22.

Athabasca Oil Trading Down 0.1%

Shares of ATH traded down C$0.01 during trading hours on Monday, hitting C$12.14. 5,007,362 shares of the stock traded hands, compared to its average volume of 2,813,170. The firm has a market capitalization of C$5.84 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of -0.51 and a beta of 0.10. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95. Athabasca Oil has a 1-year low of C$6.22 and a 1-year high of C$12.86. The business has a fifty day moving average of C$10.96 and a 200-day moving average of C$10.99.

Athabasca Oil (TSE:ATH) last released its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS for the quarter. The business had revenue of C$306.54 million during the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%. Analysts expect that Athabasca Oil will post 0.54 EPS for the current year.

Insider Buying and Selling at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation acquired 48,700 shares of Athabasca Oil stock in a transaction that occurred on Tuesday, September 29th. The shares were acquired at an average cost of C$10.28 per share, with a total value of C$500,636.00. Following the completion of the purchase, the insider directly owned 985,700 shares of the company’s stock, valued at C$10,132,996. This represents a 5.20% increase in their position. In the last ninety days, insiders acquired 1,112,500 shares of company stock worth $11,759,050. 0.24% of the stock is owned by corporate insiders.

Athabasca Oil Company Profile

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol ‘ATH’.