In a new note to investors on December 11, an analyst has provided a rating update for the Materials sector company, Athabasca Oil (ATH). On December 11, analyst Nick Lupick gave a Buy rating to ATH and set a C$2.75 price target.
According to TipRanks.com, Lupick ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -6.1% and a 39.9% success rate. Lupick covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, PrairieSky Royalty Ltd, and Cenovus Energy Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Athabasca Oil with a C$2.38 average price target.
The company has a one-year high of C$1.98 and a one-year low of C$0.95. Currently, Athabasca Oil has an average volume of 1.56M.
Athabasca Oil Corp. focuses on the sustainable development of light oil resources in northwestern Alberta and oil sands in the Athabasca region in northeastern Alberta. It operates through the following business units: Thermal Oil and Light Oil.
The company’s shares closed on Wednesday at C$1.06, close to its 52-week low of C$0.95.
