Athabasca Oil (ATHOF) Projected to Announce Quarterly Earnings on Wednesday

Athabasca Oil (OTCMKTS:ATHOF) is expected to release its resultson Wednesday, July 29th. Analysts expect the company to post earnings of $0.1213 per share and revenue of $283.8780 million for the quarter.

Athabasca Oil Trading Down 0.7%

Athabasca Oil stock opened at $7.58 on Wednesday. Athabasca Oil has a 12-month low of $4.00 and a 12-month high of $10.68. The firm’s fifty day moving average is $7.92 and its 200 day moving average is $7.14.

Wall Street Analyst Weigh In

A number of research firms have commented on ATHOF. Scotiabank restated a “sector perform” rating on shares of Athabasca Oil in a report on Wednesday, May 20th. Jefferies Financial Group began coverage on shares of Athabasca Oil in a research report on Thursday, June 4th. They set a “buy” rating on the stock. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Athabasca Oil in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Athabasca Oil presently has an average rating of “Hold”.

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.