Athabasca Oil Corp (ATH) PT Lowered to C$2.50
Athabasca Oil Corp (TSE:ATH) had its target price cut by stock analysts at Canaccord Genuity from C$2.65 to C$2.50 in a note issued to investors on Monday. The firm presently has a “buy” rating on the oil and gas exploration company’s stock. Canaccord Genuity’s price objective would suggest a potential upside of 100.00% from the stock’s previous close.
A number of other research firms have also recently issued reports on ATH. Scotiabank reiterated a “sector perform” rating and set a C$2.00 target price on shares of Athabasca Oil Corp in a report on Friday, November 11th. Royal Bank Of Canada lowered their target price on Athabasca Oil Corp from C$2.00 to C$1.75 and set a “sector perform” rating for the company in a report on Friday, November 11th. Dundee Securities increased their target price on Athabasca Oil Corp from C$1.30 to C$1.50 in a report on Thursday, July 28th. TD Securities cut Athabasca Oil Corp from a “speculative buy” rating to a “hold” rating and lowered their target price for the stock from C$2.50 to C$1.75 in a report on Thursday, July 28th. Finally, FirstEnergy Capital upgraded shares of Athabasca Oil Corp from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of C$1.85.
Athabasca Oil Corp (TSE:ATH) opened at 1.25 on Monday. The company’s market capitalization is $506.95 million. The stock has a 50 day moving average price of $1.29 and a 200-day moving average price of $1.30. Athabasca Oil Corp has a 1-year low of $0.91 and a 1-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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