Athabasca Oil (TSE:ATH) Announces Quarterly Earnings Results

Athabasca Oil (TSE:ATH) posted its quarterly earnings data on Thursday. The oil and gas exploration company reported C$0.10 EPS for the quarter, FiscalAI reports. Athabasca Oil had a return on equity of 13.86% and a net margin of 18.29%.The company had revenue of C$355.58 million during the quarter.

Athabasca Oil Trading Down 1.7%

Shares of ATH stock traded down C$0.19 during trading on Thursday, hitting C$11.32. 2,542,183 shares of the stock traded hands, compared to its average volume of 2,953,145. The firm has a market capitalization of C$5.43 billion, a P/E ratio of 23.10, a price-to-earnings-growth ratio of -0.51 and a beta of 0.12. The company has a debt-to-equity ratio of 11.38, a current ratio of 1.78 and a quick ratio of 1.24. The firm’s fifty day moving average price is C$10.23 and its 200-day moving average price is C$8.42. Athabasca Oil has a 52-week low of C$4.57 and a 52-week high of C$12.28.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ATH shares. Scotiabank boosted their price objective 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. TD Securities boosted their target price on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, March 6th. Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$8.00 to C$13.00 in a report on Monday, March 30th. National Bank Financial boosted their target price on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Finally, Royal Bank Of Canada boosted their target price on Athabasca Oil from C$9.00 to C$12.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Athabasca Oil has a consensus rating of “Hold” and an average target price of C$10.29.

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.