Athabasca Oil Co. (OTCMKTS:ATHOF) Stock Rated “Hold” by Sell-Side Brokerages

Athabasca Oil Co. (OTCMKTS:ATHOF) has received an average recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company.

A number of brokerages have recently commented on ATHOF. TD Securities cut Athabasca Oil from a “hold” rating to a “sell” rating in a report on Monday, October 5th. Scotiabank reissued a “sector perform” rating on shares of Athabasca Oil in a research report on Tuesday, October 6th. BMO Capital Markets downgraded shares of Athabasca Oil to a “market perform” rating in a research note on Wednesday, September 16th. Raymond James Financial restated an “outperform” rating on shares of Athabasca Oil in a report on Wednesday, September 16th. Finally, Jefferies Financial Group lowered shares of Athabasca Oil from a “buy” rating to a “hold” rating in a report on Friday, October 16th.

Athabasca Oil Stock Performance

ATHOF stock opened at $8.40 on Wednesday. Athabasca Oil has a 52 week low of $4.52 and a 52 week high of $10.68. The company has a fifty day simple moving average of $8.02 and a two-hundred day simple moving average of $7.53.

About Athabasca Oil

Athabasca Oil Corporation is a Canadian energy company focused on the exploration, development and production of oil resources in Alberta. Its operations are concentrated in the Western Canadian Sedimentary Basin, with a particular emphasis on northern Alberta’s oil sands and thermal oil projects.

The company produces bitumen from thermal oil developments, using steam-assisted recovery methods, as well as light oil from conventional and unconventional formations. Its asset portfolio has included the Hangingstone and Sunrise oil sands projects and light oil interests in the Duvernay region.