Athabasca Oil (TSE:ATH) Given a C$6.50 Price Target at BMO Capital Markets

Athabasca Oil (TSE:ATH - Get Free Report) received a C$6.50 price target from equities researchers at BMO Capital Markets in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm presently has an "outperform" rating on the oil and gas exploration company's stock. BMO Capital Markets' price objective points to a potential upside of 23.34% from the company's current price.

A number of other equities research analysts also recently weighed in on ATH. TD Securities downgraded Athabasca Oil from a "buy" rating to a "hold" rating and set a C$6.00 price objective on the stock. in a research report on Tuesday, March 12th. ATB Capital lifted their price objective on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock an "outperform" rating in a research report on Wednesday, March 20th. Royal Bank of Canada lowered shares of Athabasca Oil from an "outperform" rating to a "sector perform" rating and set a C$6.00 price objective for the company. in a research note on Tuesday, March 26th. Desjardins raised their target price on shares of Athabasca Oil from C$5.50 to C$5.75 and gave the company a "buy" rating in a research note on Friday, March 22nd. Finally, Stifel Nicolaus lifted their price target on shares of Athabasca Oil from C$5.00 to C$5.75 and gave the stock a "buy" rating in a report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Athabasca Oil currently has a consensus rating of "Moderate Buy" and an average target price of C$6.00.

Athabasca Oil Stock Up 3.3 %

Shares of TSE ATH traded up C$0.17 during midday trading on Monday, reaching C$5.27. 5,523,901 shares of the company's stock traded hands, compared to its average volume of 3,337,676. The company has a market cap of C$2.99 billion, a price-to-earnings ratio of -58.56, a P/E/G ratio of -0.51 and a beta of 2.19. The stock's 50 day simple moving average is C$4.86 and its 200-day simple moving average is C$4.37. The company has a quick ratio of 1.24, a current ratio of 2.70 and a debt-to-equity ratio of 11.72. Athabasca Oil has a one year low of C$2.54 and a one year high of C$5.48.

Athabasca Oil (TSE:ATH - Get Free Report) last announced its earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share (EPS) for the quarter. Athabasca Oil had a negative return on equity of 3.11% and a negative net margin of 4.29%. The business had revenue of C$315.93 million for the quarter. On average, analysts predict that Athabasca Oil will post 0.5 EPS for the current fiscal year.

Insider Buying and Selling at Athabasca Oil

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

About Athabasca Oil

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.