Athabasca Oil (TSE:ATH) Downgraded to “Hold” at Desjardins

Desjardins cut shares of Athabasca Oil (TSE:ATH) from a buy rating to a hold rating in a research note published on Tuesday, BayStreet.CA reports. Desjardins currently has C$5.75 price objective on the oil and gas exploration company’s stock.

A number of other research analysts have also commented on the company. TD Securities lowered Athabasca Oil from a buy rating to a hold rating and set a C$6.00 price objective on the stock. in a report on Tuesday, March 12th. BMO Capital Markets set a C$6.50 price target on shares of Athabasca Oil and gave the company an outperform rating in a research report on Monday, April 8th. Stifel Nicolaus boosted their price objective on shares of Athabasca Oil from C$5.00 to C$5.75 and gave the stock a buy rating in a research note on Monday, March 4th. ATB Capital raised their target price on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the company an outperform rating in a research note on Wednesday, March 20th. 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 report on Tuesday, March 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Athabasca Oil currently has a consensus rating of Moderate Buy and an average target price of C$6.00.

Athabasca Oil Stock Performance

Shares of TSE ATH opened at C$5.04 on Tuesday. Athabasca Oil has a one year low of C$2.54 and a one year high of C$5.59. The business’s 50-day moving average price is C$5.06 and its two-hundred day moving average price is C$4.45. The company has a debt-to-equity ratio of 11.72, a current ratio of 2.70 and a quick ratio of 1.24. The company has a market capitalization of C$2.86 billion, a P/E ratio of -56.00, a price-to-earnings-growth ratio of -0.51 and a beta of 2.19.

Athabasca Oil (TSE:ATH) last posted its earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 EPS for the quarter. Athabasca Oil had a negative net margin of 4.29% and a negative return on equity of 3.11%. The company had revenue of C$315.93 million during the quarter. Analysts anticipate that Athabasca Oil will post 0.5260059 earnings per share for the current fiscal year.

Insider Activity

In related news, Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the business’s stock in a transaction 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. 0.78% of the stock is 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.