Athabasca Oil Co. (OTCMKTS:ATHOF) Stock Rated “Hold” by Wall Street Analysts

Shares of Athabasca Oil Co. (OTCMKTS:ATHOF) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company.

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

Athabasca Oil Stock Performance

Shares of ATHOF opened at $8.11 on Wednesday. The company’s fifty day moving average is $8.06 and its 200 day moving average is $7.60. Athabasca Oil has a fifty-two week low of $4.52 and a fifty-two week high of $10.68.

About Athabasca Oil

Athabasca Oil Corporation is a Canadian energy company focused on the exploration, development and production of oil resources in Alberta. Its operations are concentrated in the Western Canadian Sedimentary Basin, with a particular emphasis on northern Alberta’s oil sands and thermal oil projects. The company produces bitumen from thermal oil developments, using steam-assisted recovery methods, as well as light oil from conventional and unconventional formations. Its asset portfolio has included the Hangingstone and Sunrise oil sands projects and light oil interests in the Duvernay region.