Athabasca Oil Corp (TSE:ATH) PT Lowered to C$2.25
Athabasca Oil Corp (TSE:ATH) had its target price reduced by stock analysts at Canaccord Genuity from C$2.75 to C$2.25 in a note issued to investors on Tuesday. The brokerage currently has a “speculative buy” rating on the oil and gas exploration company’s stock. Canaccord Genuity’s price objective would indicate a potential upside of 141.94% from the stock’s current price.
A number of other brokerages have also recently issued reports on ATH. Scotiabank increased their target price on shares of Athabasca Oil Corp from C$1.80 to C$1.90 and gave the stock a “sector perform” rating in a research report on Friday, May 5th. TD Securities dropped their target price on shares of Athabasca Oil Corp from C$2.50 to C$2.25 and set a “buy” rating for the company in a research report on Friday, May 5th. Finally, BMO Capital Markets cut shares of Athabasca Oil Corp from a “market perform” rating to an “underperform” rating in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Athabasca Oil Corp presently has an average rating of “Hold” and a consensus price target of C$2.38.
Athabasca Oil Corp (ATH) traded down 3.23% during mid-day trading on Tuesday, reaching $0.90. 935,178 shares of the company’s stock traded hands. The company’s market capitalization is $458.00 million. Athabasca Oil Corp has a 52-week low of $0.90 and a 52-week high of $2.14. The company has a 50-day moving average of $1.19 and a 200-day moving average of $1.53.
About Athabasca Oil Corp
Athabasca Oil Corporation is a Canada-based energy company, which is focused on the exploration for, and development and production of, light oil and liquids-rich natural gas from regions in northwestern Alberta, Canada, and bitumen from oil sands in the Athabasca region of northeastern Alberta, Canada.
Receive News & Ratings for Athabasca Oil Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athabasca Oil Corp and related companies with MarketBeat.com's FREE daily email newsletter.