Athabasca Oil Corp (ATH) Posts Quarterly Earnings, Misses Estimates By $0.09 EPS
Athabasca Oil Corp (TSE:ATH) released its earnings data on Thursday. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.05) by $0.09, American Banking and Market News reports.
Several analysts have recently commented on the stock. Analysts at Raymond James cut their price target on shares of Athabasca Oil Corp from C$10.50 to C$7.50 in a research note on Monday, July 28th. They now have a “market perform” rating on the stock. On the ratings front, analysts at Morgan Stanley initiated coverage on shares of Athabasca Oil Corp in a research note on Wednesday, July 23rd. They set an “equal weight” rating on the stock. Finally, analysts at Global Hunter Securities cut their price target on shares of Athabasca Oil Corp from C$12.00 to C$10.00 in a research note on Tuesday, July 22nd. They now have a “speculative buy” rating on the stock. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Athabasca Oil Corp currently has a consensus rating of “Hold” and an average price target of C$9.93.
Shares of Athabasca Oil Corp (TSE:ATH) opened at 6.41 on Thursday. Athabasca Oil Corp has a 52-week low of $5.47 and a 52-week high of $8.84. The stock’s 50-day moving average is $6.99 and its 200-day moving average is $7.6. The company’s market cap is $2.571 billion.
Athabasca Oil Corporation, formerly Athabasca Oil Sands Corp., is focused on the exploration and development of unconventional oil resource plays in Alberta, Canada.
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