Athabasca Oil Co. (OTCMKTS:ATHOF) Given Average Recommendation of “Hold” by Brokerages

Shares of Athabasca Oil Co. (OTCMKTS:ATHOF) have received a consensus rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

A number of equities analysts have recently commented on the company. Jefferies Financial Group began coverage on Athabasca Oil in a research report on Thursday, June 4th. They set a “buy” rating for the company. BMO Capital Markets cut shares of Athabasca Oil to a “market perform” rating in a report on Wednesday. Finally, Scotiabank reissued a “sector perform” rating on shares of Athabasca Oil in a research report on Wednesday, May 20th.

Athabasca Oil Trading Up 3.5%

Shares of OTCMKTS ATHOF traded up $0.28 during midday trading on Tuesday, hitting $8.22. The company’s stock had a trading volume of 215,248 shares, compared to its average volume of 361,797. The business’s fifty day simple moving average is $7.65 and its two-hundred day simple moving average is $7.71. Athabasca Oil has a 1 year low of $4.35 and a 1 year high of $10.68.

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.