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

Athabasca Oil (TSE:ATH) had its price target hoisted by equities research analysts at BMO Capital Markets from C$6.50 to C$7.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 29.15% from the company’s previous close.

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

Athabasca Oil Trading Up 1.1 %

Shares of ATH stock traded up C$0.06 during trading hours on Tuesday, reaching C$5.42. The company’s stock had a trading volume of 1,408,068 shares, compared to its average volume of 1,959,586. 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 market capitalization of C$2.95 billion, a P/E ratio of 36.13, a P/E/G ratio of -0.51 and a beta of 2.05. The firm’s fifty day simple moving average is C$5.18 and its 200 day simple moving average is C$5.22. Athabasca Oil has a one year low of C$4.03 and a one year high of C$5.79.

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.