Athabasca Oil Corp Given Consensus Rating of “Hold” by Analysts (TSE:ATH)
Shares of Athabasca Oil Corp (TSE:ATH) have received an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, Analyst Ratings.Net reports. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$9.64.
A number of research firms have recently commented on ATH. Analysts at Scotiabank cut their price target on shares of Athabasca Oil Corp from C$9.50 to C$9.00 in a research note on Thursday, August 7th. They now have a “sector perform” rating on the stock. Separately, 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. Finally, 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.
Athabasca Oil Corp (TSE:ATH) opened at 7.21 on Friday. 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 $6.78 and its 200-day moving average is $7.57. The company’s market cap is $2.896 billion.
Athabasca Oil Corp (TSE:ATH) last released its earnings data on Thursday, August 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.09. Analysts expect that Athabasca Oil Corp will post $-0.23 EPS for the current fiscal year.
Athabasca Oil Corporation, formerly Athabasca Oil Sands Corp., is focused on the exploration and development of unconventional oil resource plays in Alberta, Canada.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.