Athabasca Oil Corp (ATH) PT Lowered to C$1.75
Athabasca Oil Corp (TSE:ATH) had its target price reduced by stock analysts at Royal Bank Of Canada from C$2.00 to C$1.75 in a report issued on Friday. The firm presently has a “sector perform” rating on the oil and gas exploration company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 43.44% from the stock’s previous close.
ATH has been the subject of a number of other reports. Dundee Securities increased their target price on shares of Athabasca Oil Corp from C$1.30 to C$1.50 in a report on Thursday, July 28th. TD Securities lowered shares of Athabasca Oil Corp from a “speculative buy” rating to a “hold” rating and dropped their target price for the stock from C$2.50 to C$1.75 in a report on Thursday, July 28th. FirstEnergy Capital upgraded shares of Athabasca Oil Corp from a “market perform” rating to an “outperform” rating in a report on Thursday, August 11th. Finally, Scotiabank reiterated a “sector perform” rating and set a C$1.75 target price on shares of Athabasca Oil Corp in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Athabasca Oil Corp has a consensus rating of “Hold” and a consensus price target of C$1.85.
Shares of Athabasca Oil Corp (TSE:ATH) opened at 1.22 on Friday. The company’s market capitalization is $494.78 million. The firm’s 50-day moving average price is $1.29 and its 200-day moving average price is $1.30. Athabasca Oil Corp has a one year low of $0.91 and a one year high of $1.95.
About Athabasca Oil Corp
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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