Athabasca Oil (TSE:ATH) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Athabasca Oil (TSE:ATH - Get Free Report) had its price target boosted by stock analysts at Royal Bank of Canada from C$5.50 to C$6.00 in a report issued on Friday, BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the oil and gas exploration company's stock. Royal Bank of Canada's target price suggests a potential upside of 18.81% from the stock's current price.

A number of other research firms have also recently issued reports on ATH. National Bankshares dropped their price objective on Athabasca Oil from C$7.50 to C$6.50 in a report on Friday, September 27th. Scotiabank set a C$6.50 price target on shares of Athabasca Oil and gave the stock an "outperform" rating in a research note on Tuesday, October 15th. Raymond James raised shares of Athabasca Oil to a "hold" rating in a research note on Thursday, October 17th. TD Securities reduced their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, October 1st. Finally, ATB Capital raised their price target on shares of Athabasca Oil from C$7.00 to C$7.50 in a research note on Thursday, July 25th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$6.25.

Athabasca Oil Trading Down 2.3 %

Shares of TSE:ATH traded down C$0.12 during trading on Friday, hitting C$5.05. The company had a trading volume of 3,338,210 shares, compared to its average volume of 3,068,097. The stock has a market cap of C$2.75 billion, a price-to-earnings ratio of 33.67, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05. Athabasca Oil has a one year low of C$3.36 and a one year high of C$5.72. The company has a fifty day simple moving average of C$5.14 and a two-hundred day simple moving average of C$5.13. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.46 and a quick ratio of 1.24.

Insider Buying and Selling at Athabasca Oil

In other news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$5.57, for a total value of C$1,198,879.20. In other news, insider Athabasca Oil Corporation purchased 259,700 shares of the stock in a transaction dated Friday, August 30th. The shares were acquired 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 firm'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.

Athabasca Oil Company Profile

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.