Athabasca Oil (TSE:ATH) Given a C$6.50 Price Target by National Bankshares Analysts

National Bankshares set a C$6.50 target price on Athabasca Oil (TSE:ATH) in a report issued on Tuesday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the oil and gas exploration company’s stock.

Several other research analysts have also recently issued reports on ATH. Desjardins cut Athabasca Oil from a buy rating to a hold rating and set a C$5.75 target price on the stock. in a research report on Tuesday, April 23rd. Royal Bank of Canada downgraded shares of Athabasca Oil from an outperform rating to a sector perform rating and set a C$6.00 price objective on the stock. in a report on Tuesday, March 26th. ATB Capital upped their target price on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the company an outperform rating in a report on Wednesday, March 20th. Stifel Nicolaus lifted their price target on shares of Athabasca Oil from C$5.00 to C$5.75 and gave the stock a buy rating in a research note on Monday, March 4th. Finally, BMO Capital Markets set a C$6.50 price objective on shares of Athabasca Oil and gave the company an outperform rating in a research report on Monday, April 8th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of C$6.07.

Athabasca Oil Stock Down 3.6 %

Shares of Athabasca Oil stock opened at C$4.80 on Tuesday. Athabasca Oil has a twelve month low of C$2.54 and a twelve month high of C$5.59. The company has a quick ratio of 1.24, a current ratio of 2.70 and a debt-to-equity ratio of 11.72. The company’s 50 day moving average is C$5.10 and its 200 day moving average is C$4.48. The company has a market cap of C$2.72 billion, a price-to-earnings ratio of -53.33, a price-to-earnings-growth ratio of -0.51 and a beta of 2.19.

Athabasca Oil (TSE:ATH) last released its quarterly earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share for the quarter. Athabasca Oil had a negative return on equity of 3.11% and a negative net margin of 4.29%. The firm had revenue of C$315.93 million for the quarter. Research analysts anticipate that Athabasca Oil will post 0.5260059 EPS for the current year.

Insider Activity

In related news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of C$5.32, for a total value of C$130,340.00. Insiders own 0.78% 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.