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Investment analysts at Raymond James lifted their target price on shares of Athabasca Oil Corp (TSE:ATH) from C$7.50 to C$9.00 in a note issued to investors on Tuesday. The firm currently has a “market perform” rating on the stock. Raymond James’ target price would suggest a potential upside of 13.64% from the company’s current price.

Shares of Athabasca Oil Corp (TSE:ATH) traded down 3.54% during mid-day trading on Tuesday, hitting $7.64. 2,622,801 shares of the company’s stock traded hands. 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 $6.8 and its 200-day moving average is $7.57. The company’s market cap is $3.069 billion.

Athabasca Oil Corp (TSE:ATH) last posted its quarterly earnings results 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.

Other equities research analysts have also recently issued reports about the stock. 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 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 given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$9.79.

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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