TD Securities Issues Positive Forecast for Athabasca Oil (TSE:ATH) Stock Price

Athabasca Oil (TSE:ATH) had its price target raised by TD Securities from C$6.50 to C$7.00 in a research note released on Thursday,BayStreet.CA reports. They currently have a hold rating on the oil and gas exploration company’s stock.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada boosted their price target on Athabasca Oil from C$6.50 to C$7.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Scotiabank boosted their price target on Athabasca Oil from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Finally, Raymond James Financial boosted their price target on Athabasca Oil from C$6.50 to C$7.00 in a report on Thursday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Athabasca Oil has a consensus rating of “Hold” and an average target price of C$6.80.

Athabasca Oil Trading Down 0.4%

Shares of ATH opened at C$6.87 on Thursday. The stock has a fifty day moving average of C$6.50 and a two-hundred day moving average of C$5.77. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54. The company has a market capitalization of C$3.41 billion, a PE ratio of 7.99, a price-to-earnings-growth ratio of -0.51 and a beta of 0.99. Athabasca Oil has a fifty-two week low of C$4.05 and a fifty-two week high of C$7.20.

Athabasca Oil Company Profile

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.