Canaccord Genuity Thinks Athabasca Oil’s Stock is Going to Recover


Athabasca Oil (ATH), the Materials sector company, was revisited by a Wall Street analyst today. The company received a Buy rating from Canaccord Genuity’s analyst Anthony Petrucci, with a C$2 price target.

According to TipRanks.com, Petrucci is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -18.9% and a 24.3% success rate. Petrucci covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Frontera Energy Corporation, and Tamarack Valley Energy Ltd.

Currently, the analyst consensus on Athabasca Oil is a Moderate Buy with an average price target of C$1.50.

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 893.6K.

Athabasca Oil Corp. is an exploration and production company, which engages in the development of thermal and light oil assets. It operates through the Thermal Oil and Light Oil segment.

The company’s shares closed on Tuesday at C$0.95, close to its 52-week low of C$0.83.

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