National Bank Financial Boosts Athabasca Oil (ATH) Price Target to C$1.65

Athabasca Oil (TSE:ATH) had its price target lifted by National Bank Financial from C$1.60 to C$1.65 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the oil and gas exploration company’s stock.

Several other equities research analysts have also issued reports on the company. Canaccord Genuity dropped their price target on Athabasca Oil from C$2.75 to C$1.50 in a research report on Thursday, January 10th. TD Securities dropped their price target on Athabasca Oil from C$1.65 to C$1.40 and set a buy rating on the stock in a research report on Friday, March 8th. Raymond James reissued a market perform rating and set a C$1.25 price target on shares of Athabasca Oil in a research report on Thursday, March 7th. Finally, CIBC upped their price target on Athabasca Oil from C$1.35 to C$1.50 in a research report on Friday.

Shares of ATH opened at C$0.92 on Friday. Athabasca Oil has a 52-week low of C$0.83 and a 52-week high of C$1.98. The company has a market capitalization of $484.94 million and a price-to-earnings ratio of -0.83. The company has a current ratio of 1.62, a quick ratio of 1.08 and a debt-to-equity ratio of 60.16.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings results on Wednesday, March 6th. The oil and gas exploration company reported C($0.26) earnings per share (EPS) for the quarter. The company had revenue of C$96.89 million during the quarter. Sell-side analysts expect that Athabasca Oil will post -0.0599999973913045 earnings per share for the current fiscal year.

About Athabasca Oil

Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Leismer and Hangingstone assets located in northeastern Alberta.

Further Reading: Strangles

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