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

Athabasca Oil

25/07/2024 02:38

* Athabasca Oil Corp  ATH.TO  reported quarterly adjusted
earnings
of 17 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 4 cents.  The mean expectation of two analysts for the
quarter was for earnings of 17 cents per share. Wall Street
expected results to range from 16 cents to 18 cents per share.
    * Revenue was C$401.74 million​. 
    * Athabasca Oil Corp's reported EPS for the quarter was 17
cents​.
    * The company reported quarterly net income of C$98.07
million.
    * Athabasca Oil Corp shares had risen by 4.6% this
quarter and
gained 30.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 63.3%
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 5 "strong buy" or "buy," 3
"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$6.38 
This summary was machine generated from LSEG data July 25 at
01:38 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
 Jun. 30 2024      0.34           0.23           Missed
 Mar. 31 2024      0.15           0.13           Missed
 Dec. 31 2023      0.14           0.18           Beat
 Sep. 30 2023      0.35           0.23           Missed