Athabasca Oil (TSE:ATH) Upgraded to "Outperform" at National Bankshares

National Bankshares upgraded shares of Athabasca Oil (TSE:ATH - Free Report) from a sector perform rating to an outperform rating in a report released on Thursday, BayStreet.CA reports. National Bankshares currently has C$7.00 target price on the oil and gas exploration company's stock, up from their prior target price of C$6.50.

A number of other analysts also recently commented on ATH. Desjardins downgraded shares of Athabasca Oil from a buy rating to a hold rating and set a C$5.75 price target on the stock. in a research report on Tuesday, April 23rd. ATB Capital boosted their target price on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock an outperform rating in a report on Wednesday, March 20th. Stifel Nicolaus lifted their target price on shares of 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. BMO Capital Markets set a C$6.50 target price on shares of Athabasca Oil and gave the stock an outperform rating in a research report on Monday, April 8th. Finally, Royal Bank of Canada downgraded shares of Athabasca Oil from an outperform rating to a sector perform rating and set a C$6.00 target price on the stock. in a research report on Tuesday, March 26th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of C$6.14.

Athabasca Oil Stock Performance

TSE:ATH traded up C$0.16 during mid-day trading on Thursday, hitting C$4.99. The stock had a trading volume of 4,536,004 shares, compared to its average volume of 3,355,237. The stock has a market capitalization of C$2.83 billion, a price-to-earnings ratio of -55.44, a P/E/G ratio of -0.51 and a beta of 2.16. The company has a 50 day simple moving average of C$5.11 and a 200-day simple moving average of C$4.50. Athabasca Oil has a 52 week low of C$2.54 and a 52 week high of C$5.59. 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. Athabasca Oil had a negative net margin of 4.29% and a negative return on equity of 3.11%. The firm had revenue of C$315.93 million for the quarter. On average, research analysts expect that Athabasca Oil will post 0.5253664 earnings per share for the current fiscal year.

Insider Activity at Athabasca Oil

In related news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of C$5.32, for a total transaction of C$130,340.00. 0.64% of the stock is currently owned by 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.