Athabasca Oil (TSE:ATH) Upgraded at Raymond James

Raymond James upgraded shares of Athabasca Oil (TSE:ATH) to a hold rating in a research report sent to investors on Thursday, Zacks.com reports.

ATH has been the subject of a number of other reports. TD Securities lowered their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, October 1st. National Bankshares lowered their price objective on shares of Athabasca Oil from C$7.50 to C$6.50 in a research note on Friday, September 27th. ATB Capital increased their target price on shares of Athabasca Oil from C$7.00 to C$7.50 in a report on Thursday, July 25th. Scotiabank set a C$6.50 price target on Athabasca Oil and gave the company an “outperform” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada dropped their price objective on Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$6.19.

Athabasca Oil Stock Performance

Shares of TSE ATH opened at C$5.12 on Thursday. The stock’s 50-day moving average is C$5.21 and its 200 day moving average is C$5.14. The stock has a market cap of C$2.78 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of -0.51 and a beta of 2.05. Athabasca Oil has a 1-year low of C$3.36 and a 1-year high of C$5.72. The company has a current ratio of 2.46, a quick ratio of 1.24 and a debt-to-equity ratio of 11.60.

Athabasca Oil (TSE:ATH) last released its earnings results on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 EPS for the quarter. The company had revenue of C$401.74 million for the quarter. Athabasca Oil had a net margin of 6.32% and a return on equity of 5.04%. On average, sell-side analysts anticipate that Athabasca Oil will post 0.5403473 EPS for the current fiscal year.

Insider Activity at Athabasca Oil

In related news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of C$5.57, for a total transaction of C$1,198,879.20. In related news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of C$5.57, for a total transaction of C$1,198,879.20. Also, insider Athabasca Oil Corporation acquired 259,700 shares of Athabasca Oil stock in a transaction that occurred on Friday, August 30th. The stock was acquired at an average price of C$5.38 per share, with a total value of C$1,396,848.39. 0.24% of the stock is currently owned by insiders.

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.