The Globe and Mail reports in its Friday edition that at least three analysts raised their share price targets on Athabasca Oil following its earnings Wednesday night. The Globe's Darcy Keith writes in the Eye On Equities column that ATB Capital Markets raised its share target to $7.50 from $7. National Bank of Canada raised its target to $7.50 from $7. TD Cowen raised its target to $6 from $5.50. ATB analyst Patrick J. O'Rourke says, "Overall, we view the quarterly results as positive." He reiterated his "outperform" recommendation for Athabasca Oil. He notes that second quarter production was modestly ahead of estimates, and cash flow "notably ahead" at $165.7-million versus the consensus at $155-million. Athabasca Oil also raised its 2024 corporate production guidance to 36 to 37 mboe/d (from 35 to 36 mboe/d prior) and capex guidance to $275-million (from $217-million). The average price target is now $6.56, up from $6.19 a month ago. The Globe reported on May 1 that National Bank Financial analyst Dan Payne said Athabasca had established a very strong and streamlined base of operations in its thermal oil and light oil businesses. He rated Athabasca "sector perform." It was then worth $4.66.