Canaccord Genuity Lowers Athabasca Oil (ATH) Price Target to C$1.50

Athabasca Oil (TSE:ATH) had its price target lowered by Canaccord Genuity from C$2.75 to C$1.50 in a report issued on Thursday.

ATH has been the subject of a number of other reports. Raymond James reaffirmed a market perform rating and set a C$2.50 price target on shares of Athabasca Oil in a research report on Wednesday, December 12th. Royal Bank of Canada decreased their price target on Athabasca Oil from C$3.00 to C$2.25 in a research report on Tuesday. Finally, BMO Capital Markets decreased their price target on Athabasca Oil from C$2.25 to C$2.00 in a research report on Tuesday, October 9th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of C$2.07.

Shares of ATH traded down C$0.01 on Thursday, reaching C$0.99. 576,258 shares of the company’s stock traded hands, compared to its average volume of 1,356,817. The company has a quick ratio of 1.89, a current ratio of 2.32 and a debt-to-equity ratio of 37.61. Athabasca Oil has a 52-week low of C$0.83 and a 52-week high of C$1.98.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Wednesday, November 7th. The oil and gas exploration company reported C$0.06 EPS for the quarter. The business had revenue of C$255.95 million for the quarter. Research analysts predict that Athabasca Oil will post -0.02 earnings per share for the current year.

In other news, Director Thomas William Ebbern bought 100,000 shares of the firm’s stock in a transaction on Friday, December 14th. The stock was acquired at an average cost of C$1.08 per share, with a total value of C$108,000.00.

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 Hangingstone asset in northeastern Alberta.

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Analyst Recommendations for Athabasca Oil (TSE:ATH)

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