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

Shares of Athabasca Oil Co. (OTCMKTS:ATHOF) have received an average recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company.

ATHOF has been the subject of several research analyst reports. TD Securities downgraded Athabasca Oil from a “hold” rating to a “sell” rating in a research report on Monday. Scotiabank restated a “sector perform” rating on shares of Athabasca Oil in a report on Tuesday. Raymond James Financial reaffirmed an “outperform” rating on shares of Athabasca Oil in a research note on Wednesday, September 16th. Finally, BMO Capital Markets lowered shares of Athabasca Oil to a “market perform” rating in a report on Wednesday, September 16th.

Athabasca Oil Stock Performance

ATHOF opened at $8.56 on Friday. The business has a fifty day moving average of $7.68 and a 200 day moving average of $7.83. Athabasca Oil has a 52-week low of $4.35 and a 52-week high of $10.68.

Athabasca Oil Company Profile

Athabasca Oil Corporation is a Canadian oil and gas company focused on the exploration, development and production of bitumen and light oil. The company’s operations are concentrated in Alberta, particularly within the Athabasca region, one of Canada’s primary oil sands areas.

Athabasca’s business has historically been organized around thermal oil and light oil assets. Its thermal operations use steam-assisted recovery methods to produce bitumen from oil sands reservoirs, while its light oil portfolio includes conventional and resource oil opportunities.