Athabasca Oil (ATHOF) Projected to Release Earnings on Wednesday

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

Athabasca Oil Price Performance

OTCMKTS:ATHOF opened at $8.59 on Wednesday. The company has a 50 day moving average price of $7.87 and a 200 day moving average price of $7.89. Athabasca Oil has a fifty-two week low of $4.50 and a fifty-two week high of $10.68.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets cut Athabasca Oil to a “market perform” rating in a research note on Wednesday, September 16th. Jefferies Financial Group lowered Athabasca Oil from a “buy” rating to a “hold” rating in a research note on Friday. Raymond James Financial restated an “outperform” rating on shares of Athabasca Oil in a report on Wednesday, September 16th. Scotiabank reaffirmed a “sector perform” rating on shares of Athabasca Oil in a research report on Tuesday, October 6th. Finally, TD Securities lowered shares of Athabasca Oil from a “hold” rating to a “sell” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently 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.