Athabasca Oil (TSE:ATH) Price Target Lowered to C$6.00 at BMO Capital Markets

Athabasca Oil (TSE:ATH) had its price objective cut by investment analysts at BMO Capital Markets from C$7.00 to C$6.00 in a note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 31.29% from the stock’s current price.

Athabasca Oil Stock Up 4.8 %

TSE:ATH traded up C$0.21 during trading hours on Thursday, reaching C$4.57. The company had a trading volume of 2,355,732 shares, compared to its average volume of 2,416,422. The firm has a market cap of C$2.38 billion, a price-to-earnings ratio of 10.75, a P/E/G ratio of -0.51 and a beta of 2.05. The business’s 50-day simple moving average is C$5.07 and its two-hundred day simple moving average is C$5.12. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55. Athabasca Oil has a twelve month low of C$4.11 and a twelve month high of C$5.79.

Insider Activity

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 105,700 shares of the business’s stock in a transaction on Friday, January 31st. The stock was acquired at an average cost of C$4.91 per share, for a total transaction of C$519,409.80. Corporate insiders own 0.24% of the company’s stock.

Athabasca Oil Company Profile

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.