Athabasca Oil Corp (ATH) Given Consensus Rating of “Hold” by Analysts
Athabasca Oil Corp (TSE:ATH) has received an average rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$2.06.
A number of research firms recently commented on ATH. BMO Capital Markets cut shares of Athabasca Oil Corp from a “market perform” rating to an “underperform” rating in a research note on Monday, June 26th. Raymond James Financial, Inc. lifted their price target on shares of Athabasca Oil Corp from C$1.25 to C$1.50 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Barclays PLC dropped their price target on shares of Athabasca Oil Corp from C$1.50 to C$1.00 in a research note on Monday, July 24th. Finally, Canaccord Genuity dropped their price target on shares of Athabasca Oil Corp from C$2.75 to C$2.25 and set a “speculative buy” rating for the company in a research note on Tuesday, July 11th.
In other news, insider Anne Terese Schenkenberger acquired 31,867 shares of Athabasca Oil Corp stock in a transaction that occurred on Monday, July 31st. The stock was purchased at an average price of C$1.01 per share, for a total transaction of C$32,185.67. Also, insider Robert Anthony Broen sold 78,290 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of C$0.94, for a total transaction of C$73,592.60. In the last 90 days, insiders bought 51,867 shares of company stock valued at $50,386.
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Shares of Athabasca Oil Corp (TSE:ATH) traded up 1.90% during trading on Friday, hitting $1.07. 564,395 shares of the stock traded hands. The stock’s market cap is $544.63 million. The firm’s 50-day moving average price is $1.01 and its 200-day moving average price is $1.11. Athabasca Oil Corp has a 12 month low of $0.85 and a 12 month high of $2.14.
Athabasca Oil Corp Company Profile
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.
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