Shares of Athabasca Oil Co. (OTCMKTS:ATHOF – Get Free Report) have earned an average rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company.
A number of analysts recently issued reports on the company. BMO Capital Markets downgraded Athabasca Oil to a “market perform” rating in a research report on Wednesday, September 16th. Scotiabank reiterated a “sector perform” rating on shares of Athabasca Oil in a research report on Tuesday. Raymond James Financial reissued an “outperform” rating on shares of Athabasca Oil in a research note on Wednesday, September 16th. Finally, TD Securities lowered shares of Athabasca Oil from a “hold” rating to a “sell” rating in a report on Monday.
Check Out Our Latest Analysis on ATHOF
Athabasca Oil Trading Down 1.0%
Athabasca Oil Company Profile
Athabasca Oil Corporation is a Canadian oil and gas company focused on the exploration, development and production of bitumen and light oil. The company’s operations are concentrated in Alberta, particularly within the Athabasca region, one of Canada’s primary oil sands areas.
Athabasca’s business has historically been organized around thermal oil and light oil assets. Its thermal operations use steam-assisted recovery methods to produce bitumen from oil sands reservoirs, while its light oil portfolio includes conventional and resource oil opportunities.
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