Athabasca Oil (TSE:ATH) had its price objective lowered by National Bank Financial from C$0.30 to C$0.20 in a research report report published on Monday morning, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the oil and gas exploration company’s stock.
Several other research firms have also recently weighed in on ATH. Scotiabank lowered their price target on Athabasca Oil from C$1.00 to C$0.85 in a report on Thursday, January 9th. Royal Bank of Canada raised Athabasca Oil from an underperform rating to a sector perform rating and set a C$0.60 price target on the stock in a report on Monday, February 3rd. TD Securities cut Athabasca Oil from a buy rating to a hold rating and lowered their price target for the company from C$0.85 to C$0.75 in a report on Thursday, March 5th. Canaccord Genuity cut Athabasca Oil from a speculative buy rating to a sell rating and lowered their price target for the company from C$0.85 to C$0.20 in a report on Tuesday, March 10th. Finally, Raymond James cut Athabasca Oil from a market perform rating to an underperform rating in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of C$0.61.
Shares of ATH opened at C$0.14 on Monday. The business’s fifty day simple moving average is C$0.30 and its two-hundred day simple moving average is C$0.45. The company has a current ratio of 2.60, a quick ratio of 2.09 and a debt-to-equity ratio of 47.21. Athabasca Oil has a 12 month low of C$0.12 and a 12 month high of C$1.14. The company has a market cap of $81.14 million and a price-to-earnings ratio of 0.30.
Athabasca Oil (TSE:ATH) last issued its earnings results on Wednesday, March 4th. The oil and gas exploration company reported C($0.02) EPS for the quarter. The business had revenue of C$188.10 million during the quarter. As a group, research analysts forecast that Athabasca Oil will post -0.1248 EPS for the current year.
Athabasca Oil Company Profile
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 Leismer and Hangingstone assets located in northeastern Alberta.
Featured Story: How do analysts define an oversold condition?
Receive News & Ratings for Athabasca Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athabasca Oil and related companies with MarketBeat.com's FREE daily email newsletter.