Athabasca Oil (ATH), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. The company received a Buy rating from AltaCorp Captial’s analyst Nick Lupick, with a C$1.65 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 -6.3% and a 40.1% success rate. Lupick covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Athabasca Oil with a C$1.88 average price target, an 88.0% upside from current levels. In a report released today, RBC Capital also reiterated a Buy rating on the stock with a C$2.25 price target.
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The company has a one-year high of C$1.98 and a one-year low of C$0.83. Currently, Athabasca Oil has an average volume of 1.61M.
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 Monday at C$1, close to its 52-week low of C$0.83.
