Athabasca Oil (ATHOF) to Release Earnings on Wednesday

Athabasca Oil (OTCMKTS:ATHOF) is projected to issue its resultson Wednesday, July 29th. Analysts expect the company to post earnings of $0.1213 per share and revenue of $283.8780 million for the quarter.

Athabasca Oil Trading Down 0.7%

OTCMKTS:ATHOF opened at $7.58 on Wednesday. Athabasca Oil has a one year low of $4.00 and a one year high of $10.68. The firm’s 50 day simple moving average is $7.92 and its 200 day simple moving average is $7.14.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ATHOF. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Athabasca Oil in a research note on Friday, May 8th. Jefferies Financial Group started coverage on Athabasca Oil in a report on Thursday, June 4th. They issued a “buy” rating for the company. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Athabasca Oil in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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.