Scotiabank Reiterates “Sector Perform” Rating for Athabasca Oil Corp (ATH)
Athabasca Oil Corp (TSE:ATH) traded down 4.04% during mid-day trading on Tuesday, hitting $7.60. The stock had a trading volume of 3,148,976 shares. Athabasca Oil Corp has a 52-week low of $5.47 and a 52-week high of $8.84. The stock has a 50-day moving average of $6.8 and a 200-day moving average of $7.57. The company’s market cap is $3.053 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.
ATH has been the subject of a number of other recent research reports. Analysts at TD Securities cut their price target on shares of Athabasca Oil Corp from C$11.00 to C$10.50 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Raymond James raised their price target on shares of Athabasca Oil Corp from C$7.50 to C$9.00 in a research note on Tuesday. They now have a “market perform” rating on the stock. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$9.92.
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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