Athabasca Oil (TSE:ATH - Get Free Report) was downgraded by investment analysts at Scotiabank from an "outperform" rating to a "sector perform" rating in a research report issued to clients and investors on Friday,BayStreet.CA reports. They presently have a C$6.50 price target on the oil and gas exploration company's stock. Scotiabank's price target points to a potential upside of 15.86% from the stock's previous close.
Athabasca Oil Stock Performance
Shares of Athabasca Oil stock traded down C$0.09 during trading hours on Friday, hitting C$5.61. 1,615,088 shares of the company's stock traded hands, compared to its average volume of 2,512,471. Athabasca Oil has a 12-month low of C$4.05 and a 12-month high of C$6.25. The stock has a market capitalization of C$2.92 billion, a price-to-earnings ratio of 13.20, a PEG ratio of -0.51 and a beta of 2.05. The company has a fifty day simple moving average of C$5.38 and a 200-day simple moving average of C$5.14. The company has a debt-to-equity ratio of 12.55, a current ratio of 2.54 and a quick ratio of 1.24.
Athabasca Oil Company Profile
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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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