Average Price Target: $0.63
▼ -14.83% Downside Potential
This price target is based on 3 analysts offering 12 month price targets for Athabasca Oil in the last 3 months. The average price target is $0.63, with a high forecast of $0.85 and a low forecast of $0.40. The average price target represents a -14.83% upside from the last price of $0.74.
The current consensus among 3 investment analysts is to hold stock in Athabasca Oil. This rating has held steady since July 2019, when it changed from a Sell consensus rating.
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 divisions. Its principal properties are in the Greater Placid and Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer and Hangingstone projects located in the Athabasca region of northeastern Alberta. The company produces light oil, natural gas, and natural gas liquids; and bitumen from sand and carbonate rock formations. As of December 31, 2020, it held approximately 1,208,000 net acres of mineral resource leases, licenses, and permits, which include approximately 608,000 net acres of oil sands leases and permits in the Athabasca region of northeastern Alberta and approximately 357,265 net acres of petroleum and natural gas leases in northwestern Alberta with approximately 242,000 net acres; and had an interest in approximately 269 gross wells of crude oil and natural gas. The company was formerly known as Athabasca Oil Sands Corp. and changed its name to Athabasca Oil Corporation in May 2012. Athabasca Oil Corporation was incorporated in 2006 and is headquartered in Calgary, Canada.