Athabasca Oil (TSE:ATH) Price Target Raised to C$7.00 at BMO Capital Markets

Athabasca Oil (TSE:ATH - Free Report) had its price target hoisted by BMO Capital Markets from C$6.50 to C$7.00 in a report published on Tuesday,BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the stock. TD Securities cut their price objective on shares of Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Royal Bank of Canada upped their price target on Athabasca Oil from C$5.50 to C$6.00 and gave the stock a "sector perform" rating in a research note on Friday, November 1st. Raymond James raised Athabasca Oil to a "hold" rating in a report on Thursday, October 17th. National Bankshares cut their target price on Athabasca Oil from C$7.50 to C$6.50 in a research note on Friday, September 27th. Finally, Scotiabank set a C$6.50 price target on Athabasca Oil and gave the stock an "outperform" rating in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of C$6.31.

Athabasca Oil Trading Up 0.7 %

TSE:ATH traded up C$0.04 during mid-day trading on Tuesday, reaching C$5.40. 1,954,159 shares of the company's stock traded hands, compared to its average volume of 2,030,896. The company has a 50 day moving average price of C$5.18 and a 200-day moving average price of C$5.22. The firm has a market capitalization of C$2.94 billion, a price-to-earnings ratio of 36.00, a PEG ratio of -0.51 and a beta of 2.05. 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 has a 12-month low of C$4.03 and a 12-month high of C$5.79.

About Athabasca Oil

Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.