Athabasca Oil (TSE:ATH) had its target price decreased by National Bank Financial from C$0.30 to C$0.20 in a research note published on Monday morning, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the oil and gas exploration company’s stock.
ATH has been the subject of several other research reports. TD Securities lowered Athabasca Oil from a buy rating to a hold rating and dropped their price target for the stock from C$0.85 to C$0.75 in a research report on Thursday, March 5th. Canaccord Genuity lowered Athabasca Oil from a speculative buy rating to a sell rating and dropped their price target for the stock from C$0.85 to C$0.20 in a research report on Tuesday, March 10th. Scotiabank dropped their price target on Athabasca Oil from C$1.00 to C$0.85 in a research report on Thursday, January 9th. Royal Bank of Canada upgraded Athabasca Oil from an underperform rating to a sector perform rating and set a C$0.60 price target for the company in a research report on Monday, February 3rd. Finally, Raymond James lowered Athabasca Oil from a market perform rating to an underperform rating in a research report on Thursday, March 12th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Athabasca Oil has a consensus rating of Hold and a consensus price target of C$0.61.
Shares of Athabasca Oil stock opened at C$0.14 on Monday. The firm has a market cap of $81.14 million and a price-to-earnings ratio of 0.30. Athabasca Oil has a twelve month low of C$0.12 and a twelve month high of C$1.14. The company has a quick ratio of 2.09, a current ratio of 2.60 and a debt-to-equity ratio of 47.21. The business has a 50-day moving average price of C$0.30 and a 200-day moving average price of C$0.45.
Athabasca Oil (TSE:ATH) last released its quarterly earnings results on Wednesday, March 4th. The oil and gas exploration company reported C($0.02) EPS for the quarter. The company had revenue of C$188.10 million during the quarter. On average, equities analysts expect that Athabasca Oil will post -0.1248 EPS for the current fiscal year.
Athabasca Oil Company Profile
Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Leismer and Hangingstone assets located in northeastern Alberta.
See Also: SEC Filing
Receive News & Ratings for Athabasca Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athabasca Oil and related companies with MarketBeat.com's FREE daily email newsletter.