Desjardins Downgrades Athabasca Oil (TSE:ATH) to Hold

Desjardins lowered shares of Athabasca Oil (TSE:ATH - Free Report) from a buy rating to a hold rating in a research note released on Tuesday, BayStreet.CA reports. Desjardins currently has C$5.75 price objective on the oil and gas exploration company's stock.

A number of other equities research analysts have also weighed in on the company. Stifel Nicolaus lifted their price objective on Athabasca Oil from C$5.00 to C$5.75 and gave the stock a buy rating in a research report on Monday, March 4th. TD Securities cut Athabasca Oil from a buy rating to a hold rating and set a C$6.00 target price for the company. in a research note on Tuesday, March 12th. ATB Capital raised their target price on Athabasca Oil from C$5.50 to C$6.00 and gave the company an outperform rating in a research note on Wednesday, March 20th. Royal Bank of Canada cut Athabasca Oil from an outperform rating to a sector perform rating and set a C$6.00 target price for the company. in a research note on Tuesday, March 26th. Finally, BMO Capital Markets set a C$6.50 target price on Athabasca Oil and gave the company an outperform rating in a research note on Monday, April 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of C$6.00.

Athabasca Oil Trading Up 0.2 %

Shares of ATH stock traded up C$0.01 during trading hours on Tuesday, reaching C$5.04. The company's stock had a trading volume of 4,161,740 shares, compared to its average volume of 3,358,095. The stock has a market capitalization of C$2.86 billion, a P/E ratio of -56.00, a P/E/G ratio of -0.51 and a beta of 2.19. Athabasca Oil has a one year low of C$2.54 and a one year high of C$5.59. The firm's fifty day simple moving average is C$5.06 and its 200 day simple moving average is C$4.45. The company has a current ratio of 2.70, a quick ratio of 1.24 and a debt-to-equity ratio of 11.72.

Athabasca Oil (TSE:ATH - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$315.93 million for the quarter. Athabasca Oil had a negative return on equity of 3.11% and a negative net margin of 4.29%. Equities research analysts expect that Athabasca Oil will post 0.5260059 EPS for the current year.

Insider Activity

In related news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the company's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of C$5.32, for a total transaction of C$130,340.00. Corporate insiders own 0.78% of the company's stock.

Athabasca Oil Company Profile

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.