Athabasca Oil Corp Rating Reiterated by RBC Capital (ATH)
Athabasca Oil Corp (TSE:ATH)‘s stock had its “sector perform” rating reiterated by investment analysts at RBC Capital in a note issued to investors on Friday, American Banking and Market News reports. They currently have a C$10.00 price objective on the stock. RBC Capital’s price target points to a potential upside of 25.47% from the stock’s previous close.
Athabasca Oil Corp (TSE:ATH) traded up 9.33% on Friday, hitting $7.97. The stock had a trading volume of 4,432,847 shares. Athabasca Oil Corp has a 52 week low of $5.59 and a 52 week high of $13.79. The stock has a 50-day moving average of $7.65 and a 200-day moving average of $7.58. The company has a market cap of $3.188 billion and a P/E ratio of 12.15.
A number of other firms have also recently commented on ATH. Analysts at Scotiabank cut their price target on shares of Athabasca Oil Corp (TSE:ATH) from C$12.00 to C$10.00 in a research note to investors on Tuesday. Finally, 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Athabasca Oil Corp presently has a consensus rating of “Buy” and a consensus price target of C$12.43.
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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