National Bankshares Issues Positive Forecast for Athabasca Oil (TSE:ATH) Stock Price

Athabasca Oil (TSE:ATH) had its price target raised by National Bankshares from C$8.50 to C$9.00 in a research note published on Friday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the oil and gas exploration company’s stock.

A number of other research firms have also commented on ATH. Raymond James Financial increased their price target on Athabasca Oil from C$6.50 to C$7.00 in a research report on Thursday, October 30th. Desjardins decreased their target price on Athabasca Oil from C$8.50 to C$8.25 and set a “hold” rating on the stock in a report on Friday, December 12th. Royal Bank Of Canada lifted 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 upped their price target on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Finally, TD Securities raised their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Athabasca Oil presently has a consensus rating of “Hold” and an average price target of C$7.32.

Athabasca Oil Stock Up 1.1%

ATH opened at C$6.56 on Friday. The firm has a market cap of C$3.19 billion, a price-to-earnings ratio of 7.54, a PEG ratio of -0.51 and a beta of 0.68. 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 firm’s 50-day simple moving average is C$7.22 and its 200-day simple moving average is C$6.51. Athabasca Oil has a twelve month low of C$4.05 and a twelve month high of C$8.05.

Athabasca Oil (TSE:ATH) last released its quarterly earnings results on Thursday, October 30th. The oil and gas exploration company reported C$0.14 EPS for the quarter. The firm had revenue of C$321.09 million for the quarter. Athabasca Oil had a net margin of 17.53% and a return on equity of 14.73%. Equities research analysts anticipate that Athabasca Oil will post 0.5403473 EPS for the current fiscal year.

Insiders Place Their Bets

In other Athabasca Oil news, insider Athabasca Oil Corporation bought 129,800 shares of the business’s stock in a transaction on Friday, October 31st. The shares were bought at an average cost of C$6.82 per share, for a total transaction of C$885,236.00. Following the transaction, the insider owned 2,844,700 shares in the company, valued at approximately C$19,400,854. This trade represents a 4.78% increase in their position. Over the last three months, insiders bought 1,696,200 shares of company stock worth $11,225,742. Insiders own 0.24% of the company’s stock.

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.