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.
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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.
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