Athabasca Oil Corp reports results for the quarter ended in September 30 - Earnings Summary

Athabasca Oil

31/10/2024 02:31

* Athabasca Oil Corp  ATH.TO  reported quarterly adjusted
earnings
of 12 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of -14 cents.  The mean expectation of two analysts
for the quarter was for earnings of 18 cents per share. Wall
Street expected results to range from 16 cents to 19 cents per
share.
    * Revenue was C$376.78 million​. 
    * Athabasca Oil Corp's reported EPS for the quarter was 12
cents​.
    * The company reported quarterly net income of C$68.72
million.
    * Athabasca Oil Corp shares had risen by 5.0% this
quarter and
gained 20.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"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$6.50 
This summary was machine generated from LSEG data October 31 at
02:30 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
 Sep. 30 2024      0.30           0.34           Beat
 Jun. 30 2024      0.34           0.23           Missed
 Mar. 31 2024      0.15           0.13           Missed
 Dec. 31 2023      0.14           0.18           Beat