Athabasca Oil (TSX: ATH), the Materials sector company was revisited on September 26, and remains undervalued for at least one analyst on the street. Analyst Menno Hulshof from TD Securities remains bullish on the stock and has a C$2 price target.
According to TipRanks.com, Hulshof is ranked 0 out of 5 stars with an average return of -5.0% and a 39.3% success rate. Hulshof covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Continental Resources, and Range Resources Corp.
Currently, the analyst consensus on Athabasca Oil is a Strong Buy with an average price target of C$2.25.
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 1.57M.
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 Friday at C$1.59.
