Athabasca Oil (TSX: ATH), the Materials sector company was revisited on October 8, yet the Wall Street analyst remains currently on the sidelines. Analyst Randy Ollenberger from BMO Capital rated Athabasca Oil (TSX: ATH) a Hold on October 8, setting a C$2 price target.
According to TipRanks.com, Ollenberger is ranked #2236 out of 4897 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Athabasca Oil with a C$2.20 average price target, a 43.8% upside from current levels. In a report issued on September 27, Scotiabank also reiterated a Hold rating on the stock with a C$2 price target.
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Athabasca Oil’s market cap is currently C$825.1M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.58.
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 Thursday at C$1.53.
