Raymond James Maintains a Hold Rating on Athabasca Oil (ATH)


In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Athabasca Oil (ATH). The company received a Hold today from Raymond James’ analyst Chris Cox, with a C$1.50 price target.

According to TipRanks.com, Cox is a 2-star analyst with an average return of 0.1% and a 48.9% success rate. Cox covers the Basic Materials sector, focusing on stocks such as Athabasca Oil Corporation, Pengrowth Energy Corp, and Crescent Point Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Athabasca Oil with a C$1.67 average price target.

Based on Athabasca Oil’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$488 million. In comparison, last year the company had a GAAP net loss of C$93.33 million.

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 Monday at C$0.90, close to its 52-week low of C$0.83.

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