Athabasca Oil (TSE:ATH) had its price target increased by Barclays from C$1.00 to C$1.50 in a report released on Wednesday. Barclays’ price target suggests a potential upside of 27.12% from the stock’s current price.
Other analysts also recently issued research reports about the stock. Eight Capital set a C$2.30 price objective on shares of Athabasca Oil and gave the stock a “buy” rating in a research note on Thursday, January 11th. 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 note on Thursday, December 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Athabasca Oil has an average rating of “Hold” and a consensus price target of C$1.86.
Athabasca Oil (ATH) traded up C$0.02 on Wednesday, reaching C$1.18. The company had a trading volume of 587,161 shares, compared to its average volume of 1,030,000. The stock has a market capitalization of $601.54, a price-to-earnings ratio of -0.61 and a beta of 1.15. Athabasca Oil has a 12 month low of C$0.85 and a 12 month high of C$1.92.
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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.
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