Athabasca Oil (TSE:ATH) Given a C$12.50 Price Target by Desjardins Analysts

Athabasca Oil (TSE:ATH) has been given a C$12.50 target price by research analysts at Desjardins in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the oil and gas exploration company’s stock. Desjardins’ price target would indicate a potential upside of 16.06% from the stock’s previous close.

ATH has been the subject of a number of other research reports. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the company a “buy” rating in a research note on Thursday, June 4th. Royal Bank Of Canada boosted their price target on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. National Bank Financial upped their price target 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, Raymond James Financial raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$8.00 to C$13.00 in a research report on Monday, March 30th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$11.50.

Athabasca Oil Stock Up 1.3%

Shares of TSE:ATH traded up C$0.14 during midday trading on Friday, hitting C$10.77. 441,997 shares of the company’s stock traded hands, compared to its average volume of 2,584,165. The firm’s fifty day moving average price is C$11.13 and its two-hundred day moving average price is C$9.80. The company has a debt-to-equity ratio of 11.35, a quick ratio of 1.24 and a current ratio of 1.74. Athabasca Oil has a twelve month low of C$5.50 and a twelve month high of C$12.86. The company has a market cap of C$5.21 billion, a PE ratio of 23.93, a P/E/G ratio of -0.51 and a beta of -0.19.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings results on Thursday, May 7th. 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 12.23% and a net margin of 16.25%.The firm had revenue of C$355.58 million during the quarter. On average, equities research analysts anticipate that Athabasca Oil will post 0.5403473 EPS for the current fiscal year.

Insider Activity

In related news, insider Athabasca Oil Corporation purchased 48,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average price of C$10.30 per share, for a total transaction of C$502,640.00. Following the completion of the purchase, the insider owned 1,070,200 shares in the company, valued at approximately C$11,023,060. This represents a 4.78% increase in their ownership of the stock. Insiders have acquired a total of 476,400 shares of company stock valued at $5,086,334 in the last three months. 0.24% of the stock is currently owned by insiders.

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.