Athabasca Oil (OTCMKTS:ATHOF) Shares Pass Below 50-Day Moving Average – Here’s Why

by · The Markets Daily

Athabasca Oil Co. (OTCMKTS:ATHOF – Get Free Report) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.19 and traded as low as $4.9845. Athabasca Oil shares last traded at $5.03, with a volume of 60,556 shares traded.

Analysts Set New Price Targets

ATHOF has been the topic of several research reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Athabasca Oil in a research note on Friday, October 31st. Scotiabank reiterated a “sector perform” rating on shares of Athabasca Oil in a research note on Thursday, October 9th. 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. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on Athabasca Oil

Athabasca Oil Stock Up 0.4%

The company’s fifty day moving average is $5.19 and its two-hundred day moving average is $4.72.

Athabasca Oil Company Profile

(Get Free Report)

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.

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