Athabasca Oil (ATHOF) to Release Quarterly Earnings on Wednesday

Athabasca Oil (OTCMKTS:ATHOF) is anticipated to post its results before the market opens on Wednesday, March 4th. Analysts expect Athabasca Oil to post earnings of $0.0983 per share and revenue of $253.0790 million for the quarter.

Athabasca Oil Price Performance

OTCMKTS ATHOF opened at $6.41 on Wednesday. Athabasca Oil has a 12 month low of $2.86 and a 12 month high of $6.67. The stock’s 50 day moving average is $5.52 and its 200 day moving average is $5.08.

Wall Street Analyst Weigh In

Several research firms have recently commented on ATHOF. TD Securities reissued a “hold” rating on shares of Athabasca Oil in a report on Thursday, October 30th. Raymond James Financial restated a “market perform” rating on shares of Athabasca Oil in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada downgraded Athabasca Oil from an “outperform” rating to a “sector perform” rating in a research report on Monday. Four investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Athabasca Oil presently has an average rating of “Hold”.

Athabasca Oil Company Profile

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.