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

Athabasca Oil (TSE:ATH) had its price objective upped by BMO Capital Markets from C$6.50 to C$7.00 in a report issued on Tuesday,BayStreet.CA reports.

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

Athabasca Oil Price Performance

ATH stock opened at C$5.26 on Tuesday. Athabasca Oil has a 12 month low of C$4.03 and a 12 month high of C$5.79. The firm has a market cap of C$2.86 billion, a P/E ratio of 35.07, a P/E/G ratio of -0.51 and a beta of 2.05. The company has a quick ratio of 1.24, a current ratio of 2.46 and a debt-to-equity ratio of 11.60. The company’s 50-day moving average price is C$5.19 and its two-hundred day moving average price is C$5.22.

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.