BMO Capital Markets Trims Athabasca Oil (ATH) Target Price to C$2.00

Athabasca Oil (TSE:ATH) had its price target cut by BMO Capital Markets from C$2.25 to C$2.00 in a research report released on Tuesday.

Separately, Canaccord Genuity boosted their price objective on Athabasca Oil from C$2.50 to C$2.75 in a research note on Tuesday, July 10th.

Shares of TSE ATH opened at C$1.52 on Tuesday. Athabasca Oil has a twelve month low of C$0.95 and a twelve month high of C$1.98.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings data on Wednesday, August 1st. The oil and gas exploration company reported C($0.04) earnings per share for the quarter. Athabasca Oil had a net margin of 2.90% and a return on equity of 1.19%. The firm had revenue of C$251.37 million during the quarter.

About Athabasca Oil

Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Hangingstone asset in northeastern Alberta.

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