Athabasca Oil (TSE:ATH) Given New C$12.50 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target on Athabasca Oil to C$12.50 (from C$12.00) and kept a "sector perform" rating, implying about a 9.17% upside from the prior close.
• Analyst sentiment is mixed: the consensus rating is "Hold" with a consensus target of C$10.38, but several brokers have recently upgraded/raised targets (e.g., Raymond James to C$13 and National Bank to C$12.50), yielding two Buy and four Hold recommendations.
• Athabasca shares traded at C$11.45 (up 1.1%), with a C$5.49 billion market cap; the company reported quarterly EPS of C$0.10 and a net margin of 18.29%.

Athabasca Oil (TSE:ATH - Get Free Report) had its price objective raised by Royal Bank Of Canada from C$12.00 to C$12.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the oil and gas exploration company's stock. Royal Bank Of Canada's target price would suggest a potential upside of 9.17% from the stock's previous close.

ATH has been the subject of several other research reports. Raymond James Financial upgraded Athabasca Oil from a "hold" rating to a "moderate buy" rating and boosted their price objective for the company from C$8.00 to C$13.00 in a report on Monday, March 30th. TD Securities lifted their price target on shares of 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. National Bank Financial boosted their price target on shares of Athabasca Oil from C$9.00 to C$12.50 and gave the company an "outperform" rating in a research note on Tuesday, March 31st. Finally, Scotiabank upped their price objective on shares of Athabasca Oil from C$7.00 to C$8.00 and gave the stock a "sector perform" rating in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$10.38.

Athabasca Oil Trading Up 1.1%

TSE ATH traded up C$0.13 on Friday, reaching C$11.45. The company had a trading volume of 871,882 shares, compared to its average volume of 2,929,506. The firm has a market cap of C$5.49 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of -0.51 and a beta of 0.12. The company has a debt-to-equity ratio of 11.38, a current ratio of 1.78 and a quick ratio of 1.24. Athabasca Oil has a fifty-two week low of C$4.67 and a fifty-two week high of C$12.28. The business has a 50 day moving average of C$10.23 and a two-hundred day moving average of C$8.42.

Athabasca Oil (TSE:ATH - Get Free Report) last announced its earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. The business had revenue of C$355.58 million during the quarter. Athabasca Oil had a net margin of 18.29% and a return on equity of 13.86%. Analysts forecast that Athabasca Oil will post 0.5403473 EPS for the current year.

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.

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