Athabasca Oil (TSE:ATH) Posts Earnings Results

Athabasca Oil (TSE:ATH) posted its quarterly earnings data on Wednesday. The oil and gas exploration company reported C$0.16 EPS for the quarter, FiscalAI reports. The business had revenue of C$360.89 million during the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%.

Athabasca Oil Stock Up 0.2%

Shares of TSE:ATH opened at C$11.93 on Thursday. The business has a 50-day moving average price of C$11.18 and a 200 day moving average price of C$10.36. 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 12-month low of C$6.22 and a 12-month high of C$12.86. The company has a market capitalization of C$5.74 billion, a price-to-earnings ratio of 25.38, a PEG ratio of -0.51 and a beta of 0.10.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. TD Securities cut shares of Athabasca Oil from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. TD downgraded shares of Athabasca Oil from a “hold” rating to a “tender” rating and upped their price target for the stock from C$11.00 to C$12.00 in a research report on Tuesday, October 6th. Jefferies Financial Group downgraded shares of Athabasca Oil from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$13.00 to C$12.00 in a research report on Monday, October 19th. BMO Capital Markets lowered shares of Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 price target on the stock. in a research note on Wednesday, September 16th. Finally, Desjardins set a C$12.50 price target on Athabasca Oil and gave the stock a “hold” rating in a research report on Friday, July 17th. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Athabasca Oil currently has a consensus rating of “Reduce” and an average target price of C$11.22.

Insider Buying and Selling at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation bought 48,700 shares of Athabasca Oil stock in a transaction on Tuesday, September 29th. The shares were bought at an average cost of C$10.28 per share, for a total transaction of C$500,636.00. Following the acquisition, the insider directly owned 985,700 shares in the company, valued at C$10,132,996. This represents a 5.20% increase in their ownership of the stock. Insiders acquired 803,700 shares of company stock valued at $8,451,767 over the last ninety days. Insiders own 0.24% of the company’s stock.

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’.