Athabasca Oil (TSE:ATH) was upgraded by research analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a report issued on Thursday. The brokerage presently has a C$1.30 target price on the oil and gas exploration company’s stock. BMO Capital Markets’ price objective points to a potential upside of 11.11% from the stock’s previous close.

Shares of Athabasca Oil (TSE:ATH) traded down C$0.05 during midday trading on Thursday, reaching C$1.17. The company’s stock had a trading volume of 1,312,949 shares, compared to its average volume of 1,183,449. Athabasca Oil has a 52-week low of C$0.85 and a 52-week high of C$2.14.

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Athabasca Oil 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.

Analyst Recommendations for Athabasca Oil (TSE:ATH)

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