RBC Capital upgraded Athabasca Oil to Outperform from Sector Perform with an unchanged price target of C$5. The analyst sees a favorable outlook into 2024, both on the company’s updated guidance and a continued focus on shareholder returns. The firm views the recent pullback in shares as a buying opportunity.
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Read More on ATHOF:
- Athabasca Oil Announces 2024 Budget and Return of Capital Update
- Athabasca Oil price target raised to C$5 from C$4.50 at RBC Capital
- Athabasca Oil price target raised to C$4.75 from C$4.50 at BMO Capital
- Athabasca Oil Announces 2023 Third Quarter Results with Record Adjusted Funds Flow, Free Cash Flow and Leismer Production along with Continued Share Buybacks
