Athabasca Oil (TSE:ATH) Price Target Raised to C$7.00

Athabasca Oil (TSE:ATH) had its price target hoisted by equities research analysts at BMO Capital Markets from C$6.50 to C$7.00 in a report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 29.15% from the company’s previous close.

A number of other brokerages also recently issued reports on ATH. Royal Bank of Canada raised their price target on Athabasca Oil from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. National Bankshares cut their price objective on Athabasca Oil from C$7.50 to C$6.50 in a research report on Friday, September 27th. Raymond James upgraded Athabasca Oil to a “hold” rating in a research report on Thursday, October 17th. Scotiabank set a C$6.50 price target on shares of Athabasca Oil and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Finally, TD Securities decreased their price objective on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Athabasca Oil presently has a consensus rating of “Moderate Buy” and an average price target of C$6.31.

Athabasca Oil Price Performance

ATH stock traded up C$0.06 during trading on Tuesday, hitting C$5.42. 1,408,068 shares of the company’s stock traded hands, compared to its average volume of 1,959,586. The business has a fifty day simple moving average of C$5.18 and a 200 day simple moving average of C$5.22. Athabasca Oil has a 52 week low of C$4.03 and a 52 week high of C$5.79. The company has a debt-to-equity ratio of 11.60, a quick ratio of 1.24 and a current ratio of 2.46. The stock has a market capitalization of C$2.95 billion, a price-to-earnings ratio of 36.13, a P/E/G ratio of -0.51 and a beta of 2.05.

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.