Brokerages Set Athabasca Oil Corp (ATH) PT at $1.86
Athabasca Oil Corp (TSE:ATH) has been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$1.82.
Several research firms have recently weighed in on ATH. Raymond James Financial reduced their target price on Athabasca Oil from C$1.50 to C$1.25 in a report on Monday. Barclays boosted their target price on Athabasca Oil from C$1.00 to C$1.50 in a report on Wednesday, January 17th. Eight Capital set a C$2.30 target price on Athabasca Oil and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, BMO Capital Markets raised Athabasca Oil from an “underperform” rating to a “market perform” rating and set a C$1.30 target price for the company in a report on Thursday, December 7th.
Athabasca Oil (TSE:ATH) traded up C$0.01 during trading on Monday, hitting C$1.06. The stock had a trading volume of 410,377 shares, compared to its average volume of 833,328. Athabasca Oil has a fifty-two week low of C$0.85 and a fifty-two week high of C$1.91. The stock has a market cap of $540.37, a P/E ratio of -0.55 and a beta of 1.15.
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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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