Athabasca Oil Co. (ATHOF) – What Are Brokerages Saying About This Stock?

Athabasca Oil Co. (OTCMKTS:ATHOF) has been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company.

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group lowered shares of Athabasca Oil from a “buy” rating to a “hold” rating in a research note on Friday. TD Securities downgraded shares of Athabasca Oil from a “hold” rating to a “sell” rating in a research report on Monday, October 5th. Scotiabank reissued a “sector perform” rating on shares of Athabasca Oil in a research report on Tuesday, October 6th. BMO Capital Markets lowered Athabasca Oil to a “market perform” rating in a report on Wednesday, September 16th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Athabasca Oil in a research report on Wednesday, September 16th.

Athabasca Oil Stock Performance

Shares of ATHOF traded up $0.09 during mid-day trading on Friday, hitting $8.59. 135,476 shares of the company’s stock were exchanged, compared to its average volume of 457,008. The firm has a fifty day moving average of $7.83 and a two-hundred day moving average of $7.88. Athabasca Oil has a twelve month low of $4.38 and a twelve month high of $10.68.

About Athabasca Oil

Athabasca Oil Corporation is a Canadian oil exploration and production company focused on developing and producing crude oil in Alberta’s Western Canadian Sedimentary Basin. The company’s operations are concentrated in northern Alberta, where it holds a portfolio of thermal oil and light oil assets.

Athabasca’s thermal oil business includes the Hangingstone project and other bitumen resources developed through in situ production methods. Its light oil business is focused primarily on the Duvernay formation, where the company uses horizontal drilling and hydraulic fracturing to produce light, high-value crude oil and condensate.

Founded in 2006 and headquartered in Calgary, Alberta, Athabasca Oil has built its business around Alberta’s substantial oil resources and related infrastructure.