Athabasca Oil (ATHOF) to Release Quarterly Earnings on Wednesday

Athabasca Oil (OTCMKTS:ATHOF) will likely be issuing its results before the market opens on Wednesday, March 4th. Analysts expect the company to announce earnings of $0.0983 per share and revenue of $253.0790 million for the quarter.

Athabasca Oil Stock Up 3.1%

OTCMKTS:ATHOF opened at $6.41 on Wednesday. Athabasca Oil has a 1 year low of $2.86 and a 1 year high of $6.67. The business has a 50 day simple moving average of $5.52 and a 200-day simple moving average of $5.08.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank Of Canada downgraded Athabasca Oil from an “outperform” rating to a “sector perform” rating in a research report on Monday. TD Securities reissued a “hold” rating on shares of Athabasca Oil in a research note on Thursday, October 30th. Finally, Raymond James Financial restated a “market perform” rating on shares of Athabasca Oil in a report on Thursday, October 30th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Athabasca Oil has an average 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.