In a new note to investors yesterday, an analyst has provided a rating update for Athabasca Oil (ATH). Analyst Menno Hulshof from TD Securities reiterated a Buy rating, with a C$1.65 price target.
According to TipRanks.com, Hulshof is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -15.7% and a 22.7% success rate. Hulshof covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Athabasca Oil Corporation, and Continental Resources.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Athabasca Oil with a C$1.66 average price target, a 66.0% upside from current levels. In a report released yesterday, RBC Capital also reiterated a Buy rating on the stock with a C$2.25 price target.
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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 1.6M.
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, close to its 52-week low of C$0.83.
