TD Securities Boosts Athabasca Oil (TSE:ATH) Price Target to C$8.00

Athabasca Oil (TSE:ATH) had its target price boosted by investment analysts at TD Securities from C$6.50 to C$8.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the oil and gas exploration company’s stock. TD Securities’ price objective would indicate a potential downside of 8.99% from the stock’s previous close.

A number of other equities research analysts have also recently commented on ATH. Desjardins reduced their target price on shares of Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating for the company in a report on Friday, December 12th. National Bank Financial increased their price objective on Athabasca Oil from C$8.50 to C$9.00 and gave the stock 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 research note on Tuesday, January 20th. Finally, Royal Bank Of Canada lowered shares of Athabasca Oil from a “moderate buy” rating to a “hold” rating and lifted their price objective for the company from C$7.00 to C$9.00 in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$8.21.

Athabasca Oil Stock Performance

TSE ATH traded up C$0.02 during trading hours on Friday, hitting C$8.79. The company had a trading volume of 2,118,977 shares, compared to its average volume of 2,441,073. The business has a 50 day moving average of C$7.84 and a 200-day moving average of C$7.17. The company has a market cap of C$4.27 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of -0.51 and a beta of 0.51. Athabasca Oil has a 1-year low of C$4.05 and a 1-year high of C$9.38. The company has a debt-to-equity ratio of 11.13, a quick ratio of 1.24 and a current ratio of 2.02.

Athabasca Oil (TSE:ATH) last announced its earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.10 earnings per share (EPS) for the quarter. Athabasca Oil had a return on equity of 26.26% and a net margin of 33.02%. As a group, equities research analysts expect that Athabasca Oil will post 0.5403473 EPS for the current year.

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.