Athabasca Oil Corp (ATH) PT Set at C$1.75 by TD Securities
Athabasca Oil Corp (TSE:ATH) received a C$1.75 price target from investment analysts at TD Securities in a research note issued on Monday. The brokerage presently has a a “hold” rating on the oil and gas exploration company’s stock. TD Securities’ price target would suggest a potential upside of 40.00% from the stock’s previous close.
Several other brokerages also recently issued reports on ATH. Canaccord Genuity cut their price target on Athabasca Oil Corp from C$2.65 to C$2.50 and set a “buy” rating on the stock in a report on Monday. Royal Bank Of Canada reissued a “sector perform” rating and issued a C$2.00 price target on shares of Athabasca Oil Corp in a report on Thursday, September 15th. Scotiabank reissued a “sector perform” rating and issued a C$1.75 price target on shares of Athabasca Oil Corp in a report on Thursday, July 28th. Dundee Securities raised their price target on Athabasca Oil Corp from C$1.30 to C$1.50 in a report on Thursday, July 28th. Finally, FirstEnergy Capital raised Athabasca Oil Corp from a “market perform” rating to an “outperform” rating in a report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$1.85.
Shares of Athabasca Oil Corp (TSE:ATH) opened at 1.25 on Monday. The firm has a 50-day moving average price of $1.29 and a 200 day moving average price of $1.30. The firm’s market cap is $506.95 million. Athabasca Oil Corp has a 12-month low of $0.91 and a 12-month 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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