Royal Bank Of Canada restated their sector perform rating on shares of Athabasca Oil Corp (TSE:ATH) in a research report sent to investors on Thursday morning, StockTargetPrices.com reports. They currently have a C$2.00 price objective on the oil and gas exploration company’s stock.
A number of other brokerages have also issued reports on ATH. Raymond James Financial Inc. set a C$2.50 price target on shares of Athabasca Oil Corp in a research note on Monday, June 6th. Canaccord Genuity boosted their price objective on Athabasca Oil Corp from C$2.00 to C$2.25 and gave the stock a buy rating in a research report on Tuesday, June 21st. Scotiabank reissued a sector perform rating and set a C$1.75 price objective on shares of Athabasca Oil Corp in a research report on Thursday, July 28th. FirstEnergy Capital raised Athabasca Oil Corp from a market perform rating to an outperform rating in a research report on Thursday, August 11th. Finally, TD Securities reissued a speculative buy rating and set a C$2.75 price objective on shares of Athabasca Oil Corp in a research report on Tuesday, June 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of C$1.82.
Athabasca Oil Corp (TSE:ATH) opened at 1.20 on Thursday. Athabasca Oil Corp has a one year low of $0.91 and a one year high of $1.95. The firm has a 50-day moving average of $1.24 and a 200 day moving average of $1.25. The stock’s market capitalization is $487.29 million.
In related news, Director Bryan Begley purchased 25,000 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was acquired at an average price of C$1.25 per share, for a total transaction of C$31,250.00.
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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