Athabasca Oil (TSE:ATH) Receives Market Perform Rating from Raymond James

Raymond James reiterated their market perform rating on shares of Athabasca Oil (TSE:ATH) in a report released on Thursday morning, BayStreet.CA reports. Raymond James currently has a C$0.75 target price on the oil and gas exploration company’s stock.

Several other equities research analysts have also commented on ATH. TD Securities decreased their price objective on shares of Athabasca Oil from C$1.00 to C$0.90 and set a buy rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada lowered shares of Athabasca Oil from a sector perform rating to an underperform rating and decreased their price target for the stock from C$0.90 to C$0.60 in a research note on Friday, October 18th. Finally, CIBC decreased their price target on shares of Athabasca Oil from C$1.30 to C$1.15 in a research note on Tuesday, October 15th.

TSE:ATH traded down C$0.01 on Thursday, hitting C$0.40. The stock had a trading volume of 761,133 shares, compared to its average volume of 803,562. The company has a debt-to-equity ratio of 46.43, a quick ratio of 2.76 and a current ratio of 3.34. The stock has a market cap of $214.59 million and a P/E ratio of -0.89. Athabasca Oil has a 1 year low of C$0.40 and a 1 year high of C$1.19. The firm’s fifty day simple moving average is C$0.54 and its two-hundred day simple moving average is C$0.70.

Athabasca Oil Company Profile

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: Book Value Of Equity Per Share – BVPS Explained

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