Scotiabank Analysts Give Athabasca Oil (TSE:ATH) a C$6.50 Price Target

Scotiabank set a C$6.50 price objective on Athabasca Oil (TSE:ATH) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage currently has an outperform rating on the oil and gas exploration company’s stock.

Several other brokerages have also recently issued reports on ATH. TD Securities dropped their price objective on shares of Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, October 1st. ATB Capital upped their price target on shares of Athabasca Oil from C$7.00 to C$7.50 in a research note on Thursday, July 25th. Royal Bank of Canada lowered their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, September 17th. Finally, National Bankshares lowered their price target on shares of Athabasca Oil from C$7.50 to C$6.50 in a research note on Friday, September 27th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Athabasca Oil presently has a consensus rating of “Moderate Buy” and an average target price of C$6.19.

Athabasca Oil Stock Performance

Shares of Athabasca Oil stock opened at C$5.12 on Tuesday. The firm’s fifty day simple moving average is C$5.21 and its 200-day simple moving average is C$5.14. The stock has a market capitalization of C$2.78 billion, a price-to-earnings ratio of 34.13, a PEG ratio of -0.51 and a beta of 2.05. Athabasca Oil has a 12 month low of C$3.36 and a 12 month high of C$5.72. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.46 and a quick ratio of 1.24.

Athabasca Oil (TSE:ATH) last announced its earnings results on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 EPS for the quarter. The business 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%. As a group, equities analysts forecast that Athabasca Oil will post 0.5403473 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Athabasca Oil Corporation bought 259,700 shares of Athabasca Oil stock in a transaction on Friday, August 30th. The shares were bought at an average cost of C$5.38 per share, for a total transaction of C$1,396,848.39. In other news, insider Athabasca Oil Corporation bought 259,700 shares of Athabasca Oil stock in a transaction on Friday, August 30th. The shares were bought at an average cost of C$5.38 per share, for a total transaction of C$1,396,848.39. Also, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the company’s stock in a transaction dated 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. Insiders own 0.24% of the company’s stock.

About Athabasca Oil

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.