Athabasca Oil (TSE:ATH) Given a C$6.50 Price Target at Scotiabank

Scotiabank set a C$6.50 price target on Athabasca Oil (TSE:ATH - Free Report) in a research report released on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the oil and gas exploration company's stock.

A number of other analysts also recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a research report on Tuesday, September 17th. ATB Capital boosted their target price on shares of Athabasca Oil from C$7.00 to C$7.50 in a research report on Thursday, July 25th. TD Securities reduced their price target on shares of Athabasca Oil from C$6.00 to C$5.50 in a research report on Tuesday, October 1st. Finally, National Bankshares lowered their price objective on Athabasca Oil from C$7.50 to C$6.50 in a report on Friday, September 27th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Athabasca Oil presently has a consensus rating of Moderate Buy and a consensus price target of C$6.19.

Athabasca Oil Stock Down 1.7 %

ATH traded down C$0.09 during trading hours on Tuesday, reaching C$5.20. 3,318,359 shares of the stock traded hands, compared to its average volume of 3,103,993. Athabasca Oil has a fifty-two week low of C$3.36 and a fifty-two week high of C$5.72. The company has a market cap of C$2.83 billion, a price-to-earnings ratio of 34.60, 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. The firm's fifty day simple moving average is C$5.21 and its two-hundred day simple moving average is C$5.14.

Athabasca Oil (TSE:ATH - Get Free Report) last announced its earnings results on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 earnings per share (EPS) for the quarter. The business had revenue of C$401.74 million for the quarter. Athabasca Oil had a return on equity of 5.04% and a net margin of 6.32%. As a group, analysts forecast that Athabasca Oil will post 0.5403473 earnings per share for the current fiscal year.

Insider Activity

In related news, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$5.57, for a total transaction of C$1,198,879.20. In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 259,700 shares of the business's stock in a transaction dated Friday, August 30th. The shares were bought at an average price of C$5.38 per share, with a total value of C$1,396,848.39. Also, Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$5.57, for a total value of C$1,198,879.20. Corporate insiders own 0.24% 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.