Athabasca Oil (TSE:ATH) Upgraded to "Hold" by Raymond James

Raymond James upgraded shares of Athabasca Oil (TSE:ATH - Free Report) to a hold rating in a research report sent to investors on Thursday morning, Zacks.com reports.

ATH has been the subject of several other reports. National Bankshares dropped their target price on shares of Athabasca Oil from C$7.50 to C$6.50 in a research report on Friday, September 27th. ATB Capital upped their target price on Athabasca Oil from C$7.00 to C$7.50 in a research note on Thursday, July 25th. Royal Bank of Canada reduced their target price on Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, September 17th. TD Securities lowered their price target on Athabasca Oil from C$6.00 to C$5.50 in a report on Tuesday, October 1st. Finally, Scotiabank set a C$6.50 price objective on Athabasca Oil and gave the company an "outperform" rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$6.19.

Athabasca Oil Price Performance

Shares of ATH stock traded down C$0.06 during trading on Thursday, hitting C$5.12. The company had a trading volume of 2,220,229 shares, compared to its average volume of 3,094,821. The stock's 50-day moving average price is C$5.21 and its 200 day moving average price is C$5.14. Athabasca Oil has a one year low of C$3.36 and a one year high of C$5.72. The company has a debt-to-equity ratio of 11.60, a quick ratio of 1.24 and a current ratio of 2.46. The firm has a market capitalization of C$2.78 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05.

Athabasca Oil (TSE:ATH - Get Free Report) last released 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 company 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%. Equities analysts expect that Athabasca Oil will post 0.5403473 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Athabasca Oil Corporation purchased 259,700 shares of the business's stock in a transaction on Friday, August 30th. The shares were acquired at an average price of C$5.38 per share, with a total value of C$1,396,848.39. In other Athabasca Oil news, insider Athabasca Oil Corporation bought 259,700 shares of the stock in a transaction on Friday, August 30th. The stock was 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 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. Company 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.