Athabasca Oil (TSE:ATH) Price Target Lowered to C$1.10 at TD Securities

Athabasca Oil (TSE:ATH) had its price objective reduced by TD Securities from C$1.15 to C$1.10 in a research report released on Thursday, BayStreet.CA reports. They currently have a buy rating on the oil and gas exploration company’s stock.

Several other brokerages have also issued reports on ATH. National Bank Financial lowered their price target on Athabasca Oil from C$1.65 to C$1.10 and set an outperform rating on the stock in a research note on Tuesday, June 25th. CIBC lowered their price target on Athabasca Oil from C$1.50 to C$1.30 in a research note on Thursday, July 18th. Raymond James restated a market perform rating and set a C$1.50 price target on shares of Athabasca Oil in a research note on Monday, May 13th. Canaccord Genuity boosted their price target on Athabasca Oil from C$1.50 to C$2.00 in a research note on Tuesday, April 9th. Finally, Royal Bank of Canada lowered their price target on Athabasca Oil from C$1.15 to C$1.00 in a research note on Thursday, July 18th.

Shares of Athabasca Oil stock traded down C$0.04 during trading on Thursday, reaching C$0.66. The company’s stock had a trading volume of 464,404 shares, compared to its average volume of 844,696. The company has a debt-to-equity ratio of 50.17, a quick ratio of 2.37 and a current ratio of 2.63. The stock has a fifty day moving average price of C$0.73. The company has a market cap of $361.44 million and a price-to-earnings ratio of -1.24. Athabasca Oil has a one year low of C$0.63 and a one year high of C$1.78.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Wednesday, May 8th. The oil and gas exploration company reported C$0.39 earnings per share (EPS) for the quarter. The firm had revenue of C$226.13 million for the quarter. On average, equities research analysts anticipate that Athabasca Oil will post -0.07 EPS for the current fiscal year.

About Athabasca Oil

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 Leismer and Hangingstone assets located in northeastern Alberta.

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