Athabasca Oil (TSE:ATH) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Athabasca Oil (TSE:ATH) had its price target hoisted by BMO Capital Markets from C$6.50 to C$7.00 in a report issued on Tuesday,BayStreet.CA reports.

Several other research analysts also recently weighed in on ATH. Raymond James upgraded Athabasca Oil to a “hold” rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their target price on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Scotiabank set a C$6.50 target price on shares of Athabasca Oil and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. National Bankshares dropped their price target on shares of Athabasca Oil from C$7.50 to C$6.50 in a research note on Friday, September 27th. Finally, TD Securities lowered their target price on shares of Athabasca Oil from C$6.00 to C$5.50 in a research note on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$6.31.

Athabasca Oil Price Performance

Shares of TSE ATH opened at C$5.26 on Tuesday. The company has a current ratio of 2.46, a quick ratio of 1.24 and a debt-to-equity ratio of 11.60. The stock has a fifty day simple moving average of C$5.19 and a two-hundred day simple moving average of C$5.22. Athabasca Oil has a 1-year low of C$4.03 and a 1-year high of C$5.79. The firm has a market cap of C$2.86 billion, a price-to-earnings ratio of 35.07, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05.

About Athabasca Oil

Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.