Athabasca Oil Co. (OTCMKTS:ATHOF) Stock Rated “Hold” by Sell-Side Analysts

Athabasca Oil Co. (OTCMKTS:ATHOF) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company.

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

Athabasca Oil Price Performance

OTCMKTS:ATHOF opened at $8.40 on Wednesday. Athabasca Oil has a fifty-two week low of $4.52 and a fifty-two week high of $10.68. The business has a 50 day moving average price of $8.02 and a 200-day moving average price of $7.53.

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.