Athabasca Oil (ATHOF) Expected to Post Quarterly Earnings on Wednesday

Athabasca Oil (OTCMKTS:ATHOF) is projected to release its resultson Wednesday, July 29th. Analysts expect the company to announce earnings of $0.1050 per share and revenue of $283.8780 million for the quarter.

Athabasca Oil Price Performance

Shares of OTCMKTS ATHOF opened at $7.75 on Monday. Athabasca Oil has a 12-month low of $4.00 and a 12-month high of $10.68. The stock’s 50 day simple moving average is $7.86 and its 200 day simple moving average is $7.20.

Analyst Ratings Changes

A number of research firms have issued reports on ATHOF. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Athabasca Oil in a research note on Friday, May 8th. Scotiabank restated a “sector perform” rating on shares of Athabasca Oil in a research report on Wednesday, May 20th. Finally, Jefferies Financial Group started coverage on shares of Athabasca Oil in a report on Thursday, June 4th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

About Athabasca Oil

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.