Athabasca Oil (TSE:ATH) Stock Price Down 8% - What's Next?

Key Points

• Athabasca Oil shares fell about 8%, trading as low as C$10.31 and last at C$10.35 on Friday, with roughly 1.996 million shares changing hands (about 32% below average) after a prior close of C$11.25.
• Multiple analysts have raised targets recently (e.g., Raymond James upgraded to a "moderate buy" with a C$13 target, while RBC and National Bank lifted targets to ~C$12–12.50), but the MarketBeat consensus remains a Hold with an average target of C$10.29.
• Athabasca has a market cap of C$5.03 billion, a trailing P/E of ~21.4 and reported quarterly EPS of C$0.10 (net margin 18.3%, ROE 13.9%); its 50-day and 200-day moving averages are C$9.51 and C$7.96, respectively.

Athabasca Oil Co. (TSE:ATH - Get Free Report)'s share price was down 8% on Friday . The stock traded as low as C$10.31 and last traded at C$10.35. Approximately 1,996,841 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 2,955,388 shares. The stock had previously closed at C$11.25.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ATH shares. Raymond James Financial raised Athabasca Oil from a "hold" rating to a "moderate buy" rating and increased their target price for the company from C$8.00 to C$13.00 in a research note on Monday, March 30th. Scotiabank increased their target price on Athabasca Oil from C$7.00 to C$8.00 and gave the company a "sector perform" rating in a research note on Tuesday, January 20th. Royal Bank Of Canada increased their target price on Athabasca Oil from C$9.00 to C$12.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 8th. National Bank Financial increased their target price on 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, TD Securities increased their target price on Athabasca Oil from C$6.50 to C$8.00 and gave the company a "hold" rating in a research note on Friday, March 6th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of C$10.29.

Athabasca Oil Trading Down 6.8%

The firm has a market cap of C$5.03 billion, a P/E ratio of 21.41, a PEG ratio of -0.51 and a beta of -0.03. The company has a debt-to-equity ratio of 11.38, a current ratio of 1.78 and a quick ratio of 1.24. The stock has a 50 day moving average of C$9.51 and a 200 day moving average of C$7.96.

Athabasca Oil (TSE:ATH - Get Free Report) last posted its quarterly earnings results on Thursday, March 5th. The oil and gas exploration company reported C$0.10 earnings per share (EPS) for the quarter. Athabasca Oil had a net margin of 18.29% and a return on equity of 13.86%. As a group, equities research analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.