Athabasca Oil Co. (OTCMKTS:ATHOF) Receives Consensus Rating of “Hold” from Brokerages

Athabasca Oil Co. (OTCMKTS:ATHOF) has been assigned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

A number of equities research analysts recently commented on the company. Scotiabank reiterated a “sector perform” rating on shares of Athabasca Oil in a research report on Wednesday, May 20th. Jefferies Financial Group assumed coverage on shares of Athabasca Oil in a research report on Thursday, June 4th. They set a “buy” rating for the company. Finally, BMO Capital Markets lowered shares of Athabasca Oil to a “market perform” rating in a report on Wednesday.

Athabasca Oil Price Performance

ATHOF stock traded up $0.28 during trading on Tuesday, reaching $8.22. 215,248 shares of the company traded hands, compared to its average volume of 361,797. Athabasca Oil has a 12 month low of $4.35 and a 12 month high of $10.68. The business has a 50 day simple moving average of $7.65 and a 200 day simple moving average of $7.71.

Athabasca Oil Company Profile

Athabasca Oil Corporation, trading as ATHOF on the OTCMKTS, is a Canadian energy company focused on the exploration, development and production of heavy oil and bitumen resources. The company’s asset portfolio spans key regions in Western Canada, including the Peace River, Cold Lake and Lloydminster heavy oil plays, as well as select light oil and natural gas opportunities in emerging formations.

Through a vertically integrated operating model, Athabasca Oil manages activities from reservoir optimization and drilling to surface facility construction and bitumen handling.