Athabasca Oil Corp (ATH) Stock Price Down 5.4%

Athabasca Oil Corp (TSE:ATH)’s share price dropped 5.4% on Monday . The stock traded as low as C$1.05 and last traded at C$1.06. Approximately 1,285,037 shares changed hands during trading, an increase of 18% from the average daily volume of 1,089,190 shares. The stock had previously closed at C$1.12.

ATH has been the topic of several recent research reports. Barclays PLC cut their price objective on shares of Athabasca Oil Corp from C$1.50 to C$1.00 in a research report on Monday, July 24th. BMO Capital Markets lowered shares of Athabasca Oil Corp from a “market perform” rating to an “underperform” rating in a research report on Monday, June 26th. Canaccord Genuity cut their price objective on shares of Athabasca Oil Corp from C$2.75 to C$2.25 and set a “speculative buy” rating on the stock in a research report on Tuesday, July 11th. Finally, Raymond James Financial, Inc. raised their price objective on shares of Athabasca Oil Corp from C$1.25 to C$1.50 and gave the company a “market perform” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of C$2.11.

The company’s market cap is $539.54 million. The company’s 50-day moving average is $0.97 and its 200 day moving average is $1.14.

In other Athabasca Oil Corp news, insider Anne Terese Schenkenberger bought 31,867 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average cost of C$1.01 per share, with a total value of C$32,185.67. Also, insider Robert Anthony Broen sold 78,290 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of C$0.94, for a total value of C$73,592.60. In the last quarter, insiders have bought 79,992 shares of company stock worth $53,198.

ATH has been the topic of several recent research reports. Barclays PLC cut their price objective on shares of Athabasca Oil Corp from C$1.50 to C$1.00 in a research report on Monday, July 24th. BMO Capital Markets lowered shares of Athabasca Oil Corp from a “market perform” rating to an “underperform” rating in a research report on Monday, June 26th. Canaccord Genuity cut their price objective on shares of Athabasca Oil Corp from C$2.75 to C$2.25 and set a “speculative buy” rating on the stock in a research report on Tuesday, July 11th. Finally, Raymond James Financial, Inc. raised their price objective on shares of Athabasca Oil Corp from C$1.25 to C$1.50 and gave the company a “market perform” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of C$2.11.

The company’s market cap is $539.54 million. The company’s 50-day moving average is $0.97 and its 200 day moving average is $1.14.

In other Athabasca Oil Corp news, insider Anne Terese Schenkenberger bought 31,867 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average cost of C$1.01 per share, with a total value of C$32,185.67. Also, insider Robert Anthony Broen sold 78,290 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of C$0.94, for a total value of C$73,592.60. In the last quarter, insiders have bought 79,992 shares of company stock worth $53,198.

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About Athabasca Oil Corp

Athabasca Oil Corporation is a Canada-based energy company, which is focused on the exploration for, and development and production of, light oil and liquids-rich natural gas from regions in northwestern Alberta, Canada, and bitumen from oil sands in the Athabasca region of northeastern Alberta, Canada.

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