Athabasca Oil (OTCMKTS:ATHOF) Stock Price Down 7.5% – Should You Sell?

Athabasca Oil Co. (OTCMKTS:ATHOF) shares were down 7.5% on Monday . The company traded as low as $4.66 and last traded at $4.80. Approximately 691,100 shares changed hands during mid-day trading, an increase of 60% from the average daily volume of 431,150 shares. The stock had previously closed at $5.19.

Analysts Set New Price Targets

Several research firms recently commented on ATHOF. Royal Bank Of Canada reissued an “outperform” rating on shares of Athabasca Oil in a report on Friday, October 31st. Scotiabank reaffirmed a “sector perform” rating on shares of Athabasca Oil in a research report on Thursday, October 9th. TD Securities reiterated a “hold” rating on shares of Athabasca Oil in a report on Thursday, October 30th. Finally, Raymond James Financial restated a “market perform” rating on shares of Athabasca Oil in a research note on Thursday, October 30th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Athabasca Oil currently has an average rating of “Hold”.

Athabasca Oil Trading Down 7.5%

The stock has a 50-day moving average price of $5.21 and a 200 day moving average price of $4.69.

About Athabasca Oil

Athabasca Oil Corporation, trading as ATHOF on the OTCMKTS, is a Canadian energy company focused on the exploration, development and production of heavy oil and bitumen resources. The company’s asset portfolio spans key regions in Western Canada, including the Peace River, Cold Lake and Lloydminster heavy oil plays, as well as select light oil and natural gas opportunities in emerging formations.

Through a vertically integrated operating model, Athabasca Oil manages activities from reservoir optimization and drilling to surface facility construction and bitumen handling.