Athabasca Oil Corp (ATH) Rating Reiterated by Scotiabank
Athabasca Oil Corp (TSE:ATH)‘s stock had its “sector perform” rating reaffirmed by equities researchers at Scotiabank in a report issued on Friday. They currently have a C$2.00 target price on the oil and gas exploration company’s stock. Scotiabank’s price target indicates a potential upside of 63.93% from the stock’s previous close.
Several other research firms also recently commented on ATH. Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$2.00 price target on shares of Athabasca Oil Corp in a research report on Thursday, September 15th. FirstEnergy Capital upgraded shares of Athabasca Oil Corp from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 11th. TD Securities downgraded shares of Athabasca Oil Corp from a “speculative buy” rating to a “hold” rating and reduced their price target for the company from C$2.50 to C$1.75 in a research report on Thursday, July 28th. Finally, Dundee Securities upped their price target on shares of Athabasca Oil Corp from C$1.30 to C$1.50 in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Athabasca Oil Corp has a consensus rating of “Hold” and an average target price of C$1.85.
Athabasca Oil Corp (TSE:ATH) opened at 1.22 on Friday. The stock’s market capitalization is $494.78 million. Athabasca Oil Corp has a 12-month low of $0.91 and a 12-month high of $1.95. The firm’s 50-day moving average is $1.29 and its 200 day moving average is $1.30.
Athabasca Oil Corp 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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