Athabasca Oil Corp (ATH) Receives Average Rating of “Hold” from Analysts
Shares of Athabasca Oil Corp (TSE:ATH) have received an average recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$1.96.
Separately, BMO Capital Markets raised shares of Athabasca Oil from an “underperform” rating to a “market perform” rating and set a C$1.30 price objective for the company in a research report on Thursday.
Shares of Athabasca Oil (TSE ATH) traded down C$0.05 during mid-day trading on Thursday, reaching C$1.17. 1,312,949 shares of the company traded hands, compared to its average volume of 1,183,449. Athabasca Oil has a 1 year low of C$0.85 and a 1 year high of C$2.14.
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.
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