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Athabasca Oil (TSE:ATH) Stock Rating Lowered by Scotiabank

Athabasca Oil logo with Energy background

Athabasca Oil (TSE:ATH - Get Free Report) was downgraded by investment analysts at Scotiabank from a "strong-buy" rating to a "hold" rating in a note issued to investors on Friday, Marketbeat.com reports. They currently have a C$6.50 target price on the oil and gas exploration company's stock. Scotiabank's price target suggests a potential upside of 15.86% from the stock's current price.

Athabasca Oil Price Performance

Shares of ATH stock remained flat at C$5.61 on Friday. The stock had a trading volume of 2,596,350 shares, compared to its average volume of 2,518,707. The company has a market capitalization of C$2.92 billion, a PE ratio of 13.20, a PEG ratio of -0.51 and a beta of 2.05. Athabasca Oil has a 12 month low of C$4.05 and a 12 month high of C$6.25. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55. The firm's 50 day moving average price is C$5.40 and its 200 day moving average price is C$5.15.

About Athabasca Oil

(Get Free Report)

Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.

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