Royal Bank Of Canada Reiterates “C$12.00” Price Target for Athabasca Oil (TSE:ATH)

Royal Bank Of Canada set a C$12.00 price objective on Athabasca Oil (TSE:ATH) in a report published on Thursday morning,BayStreet reports. The brokerage currently has a sector perform rating on the oil and gas exploration company’s stock.

A number of other equities research analysts also recently issued reports on ATH. Desjardins set a C$12.50 price target on shares of Athabasca Oil and gave the company a “hold” rating in a research report on Friday, July 17th. Jefferies Financial Group set a C$14.00 price target on Athabasca Oil and gave the stock a “buy” rating in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$11.43.

Athabasca Oil Stock Performance

Shares of ATH opened at C$10.87 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 10.95. Athabasca Oil has a 52-week low of C$6.11 and a 52-week high of C$12.86. The company has a 50-day simple moving average of C$10.64 and a 200-day simple moving average of C$10.65. The company has a market capitalization of C$5.23 billion, a PE ratio of 23.13, a P/E/G ratio of -0.51 and a beta of -0.17.

Athabasca Oil (TSE:ATH) last released its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The firm had revenue of C$306.54 million for the quarter. Equities research analysts predict that Athabasca Oil will post 0.5403473 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Athabasca Oil news, insider Athabasca Oil Corporation bought 46,900 shares of the business’s stock in a transaction on Monday, August 31st. The stock was bought at an average price of C$10.68 per share, for a total transaction of C$500,892.00. Following the completion of the transaction, the insider owned 994,200 shares in the company, valued at approximately C$10,618,056. The trade was a 4.95% increase in their position. Over the last 90 days, insiders have bought 1,101,600 shares of company stock valued at $11,703,306. 0.24% of the stock is currently owned by corporate insiders.

About Athabasca Oil

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol ‘ATH’.