Athabasca Oil Corp reports results for the quarter ended in December - Earnings Summary

Athabasca Oil

01/03/2024 07:26

* Athabasca Oil Corp  ATH.TO  reported quarterly adjusted
earnings
of 5 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 2 cents.  The lone analyst forecast for the quarter was
for earnings of 9 cents per share. 
    * Revenue rose 7.1% to C$302.64 million from a year ago;
analysts
expected C$448.13 million. 
    * Athabasca Oil Corp shares had risen by 18.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 26.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Athabasca Oil
Corp is C$5.25 
This summary was machine generated from LSEG data March 1 at
07:25 a.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.14           0.18           Beat
 Sep. 30 2023      0.35           0.23           Missed
 Jun. 30 2023      0.17           0.08           Missed
 Mar. 31 2023      0.07