Eight Capital Analysts Give Athabasca Oil (TSE:ATH) a C$2.30 Price Target

Athabasca Oil (TSE:ATH) received a C$2.30 price objective from equities researchers at Eight Capital in a research report issued to clients and investors on Thursday, January 11th. The firm presently has a “buy” rating on the oil and gas exploration company’s stock. Eight Capital’s price objective would indicate a potential upside of 107.21% from the company’s previous close.

Separately, BMO Capital Markets raised shares of Athabasca Oil from an “underperform” rating to a “market perform” rating and set a C$1.30 price target on the stock in a report on Thursday, December 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$1.86.

Athabasca Oil (TSE:ATH) traded down C$0.02 during trading on Thursday, reaching C$1.11. 854,431 shares of the company’s stock traded hands, compared to its average volume of 859,210. The company has a market cap of $565.86, a PE ratio of -0.58 and a beta of 1.15. Athabasca Oil has a 52-week low of C$0.85 and a 52-week high of C$1.92.

Athabasca Oil (TSE:ATH) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas exploration company reported C$0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.01) by C$0.02. The firm had revenue of C$176.57 million for the quarter. Athabasca Oil had a net margin of 2.90% and a return on equity of 1.19%.

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About Athabasca Oil

Athabasca Oil Corporation is a Canada-based energy company, which is focused on the exploration for, and development and production of, light oil and liquids-rich natural gas from regions in northwestern Alberta, Canada, and bitumen from oil sands in the Athabasca region of northeastern Alberta, Canada.

Analyst Recommendations for Athabasca Oil (TSE:ATH)

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