Athabasca Oil (TSE:ATH – Free Report) had its target price boosted by TD Securities from C$5.50 to C$6.00 in a research note published on Thursday, BayStreet.CA reports.
Other analysts have also issued reports about the company. Desjardins lowered Athabasca Oil from a buy rating to a hold rating and set a C$5.75 price target on the stock. in a research note on Tuesday, April 23rd. National Bankshares raised Athabasca Oil from a sector perform rating to an outperform rating and raised their price target for the stock from C$6.50 to C$7.00 in a research note on Thursday, May 9th. National Bank Financial raised Athabasca Oil from a hold rating to a strong-buy rating in a research note on Thursday, May 9th. Finally, BMO Capital Markets set a C$6.50 price objective on Athabasca Oil and gave the company an outperform rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of C$6.43.
Check Out Our Latest Research Report on ATH
Athabasca Oil Trading Up 4.1 %
Athabasca Oil (TSE:ATH – Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 earnings per share (EPS) for the quarter. Athabasca Oil had a return on equity of 2.65% and a net margin of 3.63%. The firm had revenue of C$401.74 million for the quarter. Equities research analysts predict that Athabasca Oil will post 0.5296656 earnings per share for the current fiscal year.
Insider Activity
In related news, Senior Officer Robert Anthony Broen sold 100,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$5.01, for a total transaction of C$501,000.00. Corporate insiders own 0.64% of the company’s stock.
Athabasca Oil Company Profile
Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.
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