Athabasca Oil (TSE:ATH)‘s stock had its “outperform” rating restated by stock analysts at National Bank Financial in a note issued to investors on Tuesday. They currently have a C$1.65 price target on the oil and gas exploration company’s stock. National Bank Financial’s price objective would indicate a potential upside of 77.42% from the company’s current price.
Several other equities analysts also recently weighed in on ATH. Raymond James reaffirmed a “market perform” rating and issued a C$2.50 target price on shares of Athabasca Oil in a research report on Wednesday, December 12th. Royal Bank of Canada dropped their target price on Athabasca Oil from C$3.00 to C$2.25 in a research report on Tuesday, January 8th. Finally, Canaccord Genuity dropped their target price on Athabasca Oil from C$2.75 to C$1.50 in a research report on Thursday, January 10th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Athabasca Oil presently has an average rating of “Buy” and a consensus target price of C$2.06.
TSE ATH opened at C$0.93 on Tuesday. The stock has a market capitalization of $479.71 million and a price-to-earnings ratio of -1.63. The company has a debt-to-equity ratio of 37.61, a current ratio of 2.32 and a quick ratio of 1.89. Athabasca Oil has a 1-year low of C$0.83 and a 1-year high of C$1.98.
In related news, Director Thomas William Ebbern acquired 100,000 shares of the stock in a transaction dated Friday, December 14th. The stock was acquired at an average cost of C$1.08 per share, with a total value of C$108,000.00.
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 Hangingstone asset in northeastern Alberta.
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