The Materials sector company, Athabasca Oil (ATH), has received a rating update from a Wall Street analyst today. RBC Capital’s analyst Shailender Randhawa reiterates their Buy rating on the shares, with a C$2.25 price target.
According to TipRanks.com, Randhawa ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -9.2% and a 36.5% success rate. Randhawa covers the Basic Materials sector, focusing on stocks such as Tamarack Valley Energy Ltd, Athabasca Oil Corporation, and Freehold Royalties Ltd.
Athabasca Oil has an analyst consensus of Moderate Buy, with a price target consensus of C$1.79.
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$1.01, close to its 52-week low of C$0.83.
