Athabasca Oil (ATH) Price Target Cut to C$2.25 by Analysts at Royal Bank of Canada

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Athabasca Oil (TSE:ATH) had its price target trimmed by Royal Bank of Canada from C$3.00 to C$2.25 in a research note released on Tuesday morning.

ATH has been the subject of a number of other reports. BMO Capital Markets decreased 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 target price on shares of Athabasca Oil in a research note on Wednesday, December 12th.

ATH stock opened at C$0.99 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 2.32 and a debt-to-equity ratio of 37.61. Athabasca Oil has a 52-week low of C$0.83 and a 52-week high of C$1.98.

Athabasca Oil (TSE:ATH) last released its quarterly earnings results on Wednesday, November 7th. The oil and gas exploration company reported C$0.06 earnings per share (EPS) for the quarter. The firm had revenue of C$255.95 million for the quarter. Research analysts expect that Athabasca Oil will post -0.02 EPS for the current year.

In other Athabasca Oil news, Director Thomas William Ebbern purchased 100,000 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average price 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.

Read More: Fiduciary

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