Athabasca Oil (TSE:ATH – Get Free Report) had its target price increased by analysts at Stifel Nicolaus from C$4.74 to C$5.00 in a report issued on Monday, BayStreet.CA reports. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 20.48% from the company’s previous close.
ATH has been the topic of a number of other research reports. TD Securities increased their price target on shares of Athabasca Oil from C$4.50 to C$5.00 and gave the stock a “buy” rating in a report on Wednesday, December 20th. ATB Capital increased their price target on shares of Athabasca Oil from C$5.00 to C$5.50 in a report on Friday, October 20th. BMO Capital Markets decreased their price target on shares of Athabasca Oil from C$4.75 to C$4.50 and set a “market perform” rating on the stock in a report on Thursday, December 7th. Royal Bank of Canada increased their price target on shares of Athabasca Oil from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a report on Thursday, December 21st. Finally, Desjardins raised shares of Athabasca Oil from a “hold” rating to a “buy” rating and set a C$4.75 target price on the stock in a report on Thursday, December 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$5.04.
Athabasca Oil Stock Performance
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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