Eight Capital Reiterates C$2.30 Price Target for Athabasca Oil (ATH)
Athabasca Oil (TSE:ATH) received a C$2.30 price objective from Eight Capital in a research report issued on Thursday. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. Eight Capital’s price target would suggest a potential upside of 100.00% from the company’s current price.
Separately, BMO Capital Markets raised Athabasca Oil from an “underperform” rating to a “market perform” rating and set a C$1.30 target price on the stock in a report on Thursday, December 7th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$1.79.
Athabasca Oil (TSE ATH) traded up C$0.04 during trading hours on Thursday, reaching C$1.15. The company’s stock had a trading volume of 1,276,500 shares, compared to its average volume of 1,010,000. Athabasca Oil has a 52 week low of C$0.85 and a 52 week high of C$1.92. The company has a market cap of $586.25, a P/E ratio of -0.60 and a beta of 1.15.
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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