Athabasca Oil (TSE:ATH) Raised to Outperform at National Bankshares

National Bankshares upgraded shares of Athabasca Oil (TSE:ATH) from a sector perform rating to an outperform rating in a report released on Thursday morning, BayStreet.CA reports. They currently have C$7.00 target price on the oil and gas exploration company’s stock, up from their prior target price of C$6.50.

A number of other brokerages have also weighed in on ATH. Desjardins lowered shares of Athabasca Oil from a buy rating to a hold rating and set a C$5.75 price objective for the company. in a report on Tuesday, April 23rd. ATB Capital increased their price target on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the company an outperform rating in a research report on Wednesday, March 20th. Royal Bank of Canada cut 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 research report on Tuesday, March 26th. BMO Capital Markets set a C$6.50 target price on shares of Athabasca Oil and gave the stock an outperform rating in a report on Monday, April 8th. Finally, Stifel Nicolaus increased their target price on shares of Athabasca Oil from C$5.00 to C$5.75 and gave the stock a buy rating in a report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Athabasca Oil currently has a consensus rating of Moderate Buy and a consensus target price of C$6.14.

Athabasca Oil Trading Down 2.2 %

Shares of ATH opened at C$4.88 on Thursday. The firm has a market cap of C$2.77 billion, a price-to-earnings ratio of -54.22, a PEG ratio of -0.51 and a beta of 2.16. The company has a debt-to-equity ratio of 11.72, a quick ratio of 1.24 and a current ratio of 2.70. Athabasca Oil has a fifty-two week low of C$2.54 and a fifty-two week high of C$5.59. The firm has a 50 day moving average price of C$5.11 and a 200-day moving average price of C$4.52.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings data on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$315.93 million during the quarter. Athabasca Oil had a negative net margin of 4.29% and a negative return on equity of 3.11%. As a group, equities research analysts forecast that Athabasca Oil will post 0.5253664 earnings per share for the current year.

Insiders Place Their Bets

In related news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of Athabasca Oil stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$5.32, for a total transaction of C$130,340.00. 0.64% of the stock is currently owned by company insiders.

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.