Athabasca Oil (ATHOF) Projected to Announce Quarterly Earnings on Wednesday

Athabasca Oil (OTCMKTS:ATHOF) is expected to release its results after the market closes on Wednesday, October 28th. Analysts expect Athabasca Oil to announce earnings of $0.1273 per share and revenue of $287.04 million for the quarter.

Athabasca Oil Price Performance

Shares of ATHOF opened at $8.59 on Wednesday. Athabasca Oil has a 12-month low of $4.50 and a 12-month high of $10.68. The firm has a 50-day moving average price of $7.87 and a 200 day moving average price of $7.89.

Wall Street Analysts Forecast Growth

ATHOF has been the topic of several recent analyst reports. Raymond James Financial reiterated an “outperform” rating on shares of Athabasca Oil in a report on Wednesday, September 16th. Scotiabank restated a “sector perform” rating on shares of Athabasca Oil in a report on Tuesday, October 6th. BMO Capital Markets downgraded shares of Athabasca Oil to a “market perform” rating in a report on Wednesday, September 16th. Jefferies Financial Group lowered shares of Athabasca Oil from a “buy” rating to a “hold” rating in a research report on Friday. Finally, TD Securities cut Athabasca Oil from a “hold” rating to a “sell” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.