Athabasca Oil (TSE:ATH) Price Target Raised to C$6.00

Athabasca Oil (TSE:ATHFree Report) had its price target upped by Royal Bank of Canada from C$5.50 to C$6.00 in a research report released on Friday, BayStreet.CA reports. They currently have an outperform rating on the oil and gas exploration company’s stock.

ATH has been the topic of a number of other reports. BMO Capital Markets lowered their target price on Athabasca Oil from C$4.75 to C$4.50 and set a market perform rating on the stock in a research note on Thursday, December 7th. Stifel Nicolaus boosted their target price on shares of Athabasca Oil from C$4.74 to C$5.00 and gave the company a buy rating in a research note on Monday, February 5th. Desjardins upgraded shares of Athabasca Oil from a hold rating to a buy rating and set a C$4.75 price target for the company in a research note on Thursday, December 7th. Finally, TD Securities increased their price objective on Athabasca Oil from C$4.50 to C$5.00 and gave the company a buy rating in a report on Wednesday, December 20th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of C$5.54.

Check Out Our Latest Stock Analysis on Athabasca Oil

Athabasca Oil Price Performance

ATH stock opened at C$5.07 on Friday. The company has a debt-to-equity ratio of 11.35, a quick ratio of 1.24 and a current ratio of 2.70. The business has a 50-day simple moving average of C$4.43 and a two-hundred day simple moving average of C$4.12. The company has a market capitalization of C$2.90 billion, a P/E ratio of 7.14, a price-to-earnings-growth ratio of -0.51 and a beta of 2.16. Athabasca Oil has a 52-week low of C$2.54 and a 52-week high of C$5.15.

About Athabasca Oil

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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 through Thermal Oil and Light Oil segments. Its principal properties are in the Greater Placid and Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer and Hangingstone projects located in the Athabasca region of northeastern Alberta.

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