Athabasca Oil (ATH) Given New C$1.50 Price Target at Canaccord Genuity

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Athabasca Oil (TSE:ATH) had its price objective lowered by analysts at Canaccord Genuity from C$2.75 to C$1.50 in a research report issued to clients and investors on Thursday. Canaccord Genuity’s target price would indicate a potential upside of 50.00% from the stock’s previous close.

A number of other analysts also recently issued reports on ATH. BMO Capital Markets reduced their price target on shares of Athabasca Oil from C$2.25 to C$2.00 in a report on Tuesday, October 9th. Raymond James reiterated a “market perform” rating and issued a C$2.50 price target on shares of Athabasca Oil in a report on Wednesday, December 12th. Finally, Royal Bank of Canada reduced their price target on shares of Athabasca Oil from C$3.00 to C$2.25 in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$2.07.

Shares of ATH stock remained flat at $C$1.00 on Thursday. 607,420 shares of the stock traded hands, compared to its average volume of 1,465,941. Athabasca Oil has a 12-month low of C$0.83 and a 12-month high of C$1.98. The company has a debt-to-equity ratio of 37.61, a quick ratio of 1.89 and a current ratio of 2.32.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings data on Wednesday, November 7th. The oil and gas exploration company reported C$0.06 EPS for the quarter. The firm had revenue of C$255.95 million for the quarter. On average, equities analysts forecast that Athabasca Oil will post -0.02 EPS for the current fiscal year.

In other Athabasca Oil news, Director Thomas William Ebbern acquired 100,000 shares of the company’s stock in a transaction on Friday, December 14th. The stock was acquired at an average cost of C$1.08 per share, with a total value of C$108,000.00.

About Athabasca Oil

Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Hangingstone asset in northeastern Alberta.

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Analyst Recommendations for Athabasca Oil (TSE:ATH)

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