Athabasca Oil Corp (TSE:ATH) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Athabasca Oil Corp (TSE:ATH) have been assigned an average rating of “Hold” from the nine research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$2.06.
Several research analysts have weighed in on ATH shares. BMO Capital Markets downgraded shares of Athabasca Oil Corp from a “market perform” rating to an “underperform” rating in a report on Monday, June 26th. Scotiabank upped their price objective on shares of Athabasca Oil Corp from C$1.80 to C$1.90 and gave the stock a “sector perform” rating in a report on Friday, May 5th. TD Securities lowered their price objective on shares of Athabasca Oil Corp from C$2.50 to C$2.25 and set a “buy” rating on the stock in a report on Friday, May 5th. Canaccord Genuity lowered their price objective on shares of Athabasca Oil Corp from C$2.75 to C$2.25 and set a “speculative buy” rating on the stock in a report on Tuesday, July 11th. Finally, Barclays PLC lowered their price objective on shares of Athabasca Oil Corp from C$1.50 to C$1.00 in a report on Monday, July 24th.
Shares of Athabasca Oil Corp (ATH) traded down 2.97% on Tuesday, hitting $0.98. 370,412 shares of the stock were exchanged. The stock’s 50-day moving average is $0.98 and its 200-day moving average is $1.38. Athabasca Oil Corp has a 1-year low of $0.86 and a 1-year high of $2.14. The stock’s market cap is $498.82 million.
In other news, insider Anne Terese Schenkenberger bought 31,867 shares of the stock in a transaction dated Monday, July 31st. The stock was bought at an average price of C$1.01 per share, for a total transaction of C$32,185.67. In the last quarter, insiders bought 79,992 shares of company stock valued at $58,798.
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Athabasca Oil Corp Company Profile
Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Hangingstone asset in northeastern Alberta.
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