Athabasca Oil (TSE:ATH) Given a C$14.00 Price Target at Jefferies Financial Group

Athabasca Oil (TSE:ATH) has been given a C$14.00 target price by analysts at Jefferies Financial Group in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. Jefferies Financial Group’s price target suggests a potential upside of 15.89% from the company’s current price.

Several other equities analysts have also commented on the company. National Bank Financial boosted their price target on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$8.00 to C$13.00 in a research report on Monday, March 30th. TD Securities upped their target price on Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a research report on Friday, March 6th. Finally, Royal Bank Of Canada upped their target price on Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$10.89.

Athabasca Oil Stock Up 2.0%

Athabasca Oil stock traded up C$0.24 during midday trading on Thursday, hitting C$12.08. 1,620,525 shares of the company were exchanged, compared to its average volume of 2,835,229. The company’s fifty day moving average price is C$11.27 and its 200-day moving average price is C$9.07. The company has a market cap of C$5.85 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of -0.51 and a beta of 0.12. The company has a debt-to-equity ratio of 11.35, a current ratio of 1.74 and a quick ratio of 1.24. Athabasca Oil has a fifty-two week low of C$5.22 and a fifty-two week high of C$12.86.

Athabasca Oil (TSE:ATH) last released its quarterly earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 EPS for the quarter. The firm had revenue of C$355.58 million for the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%. On average, research analysts predict that Athabasca Oil will post 0.5403473 EPS for the current fiscal year.

Insider Activity

In other Athabasca Oil news, insider Athabasca Oil Corporation bought 46,900 shares of the business’s stock in a transaction on Friday, May 29th. The shares were bought at an average cost of C$11.00 per share, with a total value of C$515,900.00. Following the transaction, the insider directly owned 957,400 shares in the company, valued at approximately C$10,531,400. This trade represents a 5.15% increase in their position. Over the last quarter, insiders purchased 182,900 shares of company stock valued at $2,053,950. Corporate insiders own 0.24% of the company’s stock.

About Athabasca Oil

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.