Athabasca Oil (TSE:ATH) Stock Price Down 9.7% – Time to Sell?

Athabasca Oil Co. (TSE:ATH) fell 9.7% during mid-day trading on Monday . The stock traded as low as C$6.42 and last traded at C$6.45. 2,418,779 shares changed hands during mid-day trading, an increase of 61% from the average session volume of 1,501,683 shares. The stock had previously closed at C$7.14.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Desjardins reduced their price target on 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. Raymond James Financial upped their price objective on Athabasca Oil from C$6.50 to C$7.00 in a research report on Thursday, October 30th. Scotiabank increased their target price on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Royal Bank Of Canada boosted their target price on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Finally, TD Securities upped their price target on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$7.04.

Athabasca Oil Trading Down 7.3%

The firm has a market capitalization of C$3.22 billion, a P/E ratio of 7.61, a price-to-earnings-growth ratio of -0.51 and a beta of 0.68. The stock has a 50-day simple moving average of C$7.25 and a two-hundred day simple moving average of C$6.50. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55.

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

Insider Activity at Athabasca Oil

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 129,800 shares of the stock in a transaction dated Friday, October 31st. The stock was purchased at an average price of C$6.82 per share, with a total value of C$885,236.00. Following the transaction, the insider owned 2,844,700 shares of the company’s stock, valued at approximately C$19,400,854. This trade represents a 4.78% increase in their ownership of the stock. In the last three months, insiders have bought 2,332,500 shares of company stock valued at $15,539,003. Insiders own 0.24% of the company’s stock.

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.