Athabasca Oil Co. (TSE:ATH – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$3.52 and traded as high as C$4.02. Athabasca Oil shares last traded at C$3.97, with a volume of 3,185,934 shares trading hands.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on ATH. TD Securities set a C$4.50 price objective on Athabasca Oil and gave the company a “hold” rating in a research note on Friday, September 29th. Desjardins cut Athabasca Oil from a “buy” rating to a “hold” rating and set a C$4.50 price objective on the stock. in a research note on Monday, September 18th. ATB Capital raised their price objective on Athabasca Oil from C$5.00 to C$5.50 in a research note on Friday, October 20th. Royal Bank of Canada raised their price objective on Athabasca Oil from C$4.50 to C$5.00 and gave the company a “sector perform” rating in a research note on Thursday, November 2nd. Finally, Stifel Nicolaus set a C$5.00 target price on Athabasca Oil and gave the stock a “buy” rating in a research note on Wednesday, September 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Athabasca Oil presently has a consensus rating of “Hold” and a consensus price target of C$4.88.
Athabasca Oil Stock Up 2.8 %
Athabasca Oil Company Profile
Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates through Thermal Oil and Light Oil segments. Its principal properties are in the Greater Placid and Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer and Hangingstone projects located in the Athabasca region of northeastern Alberta.
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