Athabasca Oil Corp Rating Reiterated by RBC Capital (ATH)
Athabasca Oil Corp (TSE:ATH)‘s stock had its “sector perform” rating reiterated by RBC Capital in a research note issued on Thursday, Stock Ratings Network reports. They currently have a C$10.00 target price on the stock. RBC Capital’s price target would indicate a potential upside of 27.39% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Scotiabank cut their price target on shares of Athabasca Oil Corp (TSE:ATH) from C$14.00 to C$12.00 in a research note to investors on Thursday, August 8th. They now have a “sector perform” rating on the stock. Separately, analysts at TD Securities cut their price target on shares of Athabasca Oil Corp (TSE:ATH) from C$14.00 to C$13.50 in a research note to investors on Tuesday, July 23rd. They now have a “buy” rating on the stock. Finally, analysts at CIBC reiterated a “sector outperform” rating on shares of Athabasca Oil Corp (TSE:ATH) in a research note to investors on Wednesday, July 10th. They now have a C$15.00 price target on the stock.
Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$12.71.
Athabasca Oil Corp (TSE:ATH) traded down 3.44% during mid-day trading on Thursday, hitting $7.58. The stock had a trading volume of 699,765 shares. Athabasca Oil Corp has a one year low of $5.59 and a one year high of $14.05. The stock has a 50-day moving average of $7.71 and a 200-day moving average of $7.51. The company has a market cap of $3.032 billion and a P/E ratio of 13.08.
Athabasca Oil Corporation, formerly Athabasca Oil Sands Corp.,is a development-stage company. The Company is focused on development of oil resource plays in Alberta, Canada.
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