Desjardins analyst Chris MacCulloch maintained a Hold rating on Athabasca Oil yesterday and set a price target of C$12.50. The company’s shares closed yesterday at C$10.76.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
MacCulloch covers the Energy sector, focusing on stocks such as Canadian Natural, Tourmaline Oil, and Cenovus Energy. According to TipRanks, MacCulloch has an average return of 25.5% and a 54.68% success rate on recommended stocks.
Currently, the analyst consensus on Athabasca Oil is a Hold with an average price target of C$11.99, an 11.46% upside from current levels. In a report released on July 15, RBC Capital also maintained a Hold rating on the stock with a C$12.00 price target.
Based on Athabasca Oil’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$377.38 million and a net profit of C$46.29 million. In comparison, last year the company earned a revenue of C$367.84 million and had a net profit of C$72 million
