Athabasca Oil Corp (ATH) Price Target Cut to C$1.00 by Analysts at Barclays PLC

Athabasca Oil Corp (TSE:ATH) had its target price reduced by equities research analysts at Barclays PLC from C$1.50 to C$1.00 in a research note issued on Monday, July 24th. Barclays PLC’s target price would indicate a potential upside of 6.38% from the stock’s previous close.

A number of other research firms have also issued reports on ATH. Canaccord Genuity reduced their price target on Athabasca Oil Corp from C$2.75 to C$2.25 and set a “speculative buy” rating on the stock in a research report on Tuesday, July 11th. TD Securities reduced their price target on Athabasca Oil Corp from C$2.50 to C$2.25 and set a “buy” rating on the stock in a research report on Friday, May 5th. Scotiabank increased their price target on Athabasca Oil Corp from C$1.80 to C$1.90 and gave the company a “sector perform” rating in a research report on Friday, May 5th. Finally, BMO Capital Markets lowered Athabasca Oil Corp from a “market perform” rating to an “underperform” rating in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Athabasca Oil Corp presently has a consensus rating of “Hold” and an average target price of C$2.11.

Athabasca Oil Corp (ATH) traded up 1.08% during mid-day trading on Monday, hitting $0.94. 370,542 shares of the stock traded hands. Athabasca Oil Corp has a 1-year low of $0.86 and a 1-year high of $2.14. The stock’s market cap is $478.46 million. The company’s 50 day moving average price is $0.95 and its 200-day moving average price is $1.31.

TRADEMARK VIOLATION NOTICE: “Athabasca Oil Corp (ATH) Price Target Cut to C$1.00 by Analysts at Barclays PLC” was published by BNB Daily and is the sole property of of BNB Daily. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.baseball-news-blog.com/2017/08/19/barclays-plc-trims-athabasca-oil-corp-ath-target-price-to-c1-00-updated-updated-updated.html.

In other news, insider Anne Terese Schenkenberger purchased 31,867 shares of the business’s stock in a transaction on Monday, July 31st. The shares were bought at an average price of C$1.01 per share, with a total value of C$32,185.67. In the last ninety days, insiders have acquired 79,992 shares of company stock worth $58,798.

About Athabasca Oil Corp

Athabasca Oil Corporation is a Canada-based energy company, which is focused on the exploration for, and development and production of, light oil and liquids-rich natural gas from regions in northwestern Alberta, Canada, and bitumen from oil sands in the Athabasca region of northeastern Alberta, Canada.

Analyst Recommendations for Athabasca Oil Corp (TSE:ATH)

Receive News & Ratings for Athabasca Oil Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athabasca Oil Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply