Athabasca Oil (TSE:ATH) Price Target Lowered to C$1.15 at CIBC

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Athabasca Oil (TSE:ATH) had its target price decreased by equities researchers at CIBC from C$1.30 to C$1.15 in a report released on Tuesday, BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 112.96% from the stock’s previous close.

A number of other analysts have also commented on the company. TD Securities cut their price target on Athabasca Oil from C$1.15 to C$1.10 and set a “buy” rating on the stock in a report on Thursday, August 1st. Royal Bank of Canada cut their price target on Athabasca Oil from C$1.00 to C$0.90 and set a “sector perform” rating on the stock in a report on Monday, October 7th. National Bank Financial cut their price target on Athabasca Oil from C$1.65 to C$1.10 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Finally, Raymond James restated a “market perform” rating and issued a C$1.50 price target on shares of Athabasca Oil in a report on Thursday, August 1st.

Shares of Athabasca Oil stock opened at C$0.54 on Tuesday. The firm has a market cap of $287.75 million and a price-to-earnings ratio of -1.43. The stock’s 50-day moving average is C$0.62 and its 200-day moving average is C$0.76. Athabasca Oil has a one year low of C$0.53 and a one year high of C$1.53. The company has a debt-to-equity ratio of 46.89, a current ratio of 3.51 and a quick ratio of 3.09.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Wednesday, July 31st. The oil and gas exploration company reported C$0.11 EPS for the quarter. The firm had revenue of C$218.23 million during the quarter. On average, equities analysts expect that Athabasca Oil will post -0.13 EPS for the current year.

Athabasca Oil Company Profile

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 Leismer and Hangingstone assets located in northeastern Alberta.

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