Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Buys 49,900 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 49,900 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were bought at an average cost of C$10.18 per share, with a total value of C$507,982.00. Following the completion of the acquisition, the insider directly owned 922,900 shares of the company’s stock, valued at C$9,395,122. The trade was a 5.72% increase in their ownership of the stock.

Athabasca Oil Corporation also recently made the following trade(s):

• On Tuesday, June 23rd, Athabasca Oil Corporation bought 47,300 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.77 per share, for a total transaction of C$509,421.00.
• On Wednesday, June 24th, Athabasca Oil Corporation bought 49,000 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.30 per share, with a total value of C$504,700.00.
• On Friday, June 26th, Athabasca Oil Corporation bought 49,600 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.21 per share, with a total value of C$506,416.00.
• On Monday, June 29th, Athabasca Oil Corporation purchased 48,900 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.25 per share, for a total transaction of C$501,225.00.
• On Tuesday, June 30th, Athabasca Oil Corporation purchased 48,800 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.30 per share, for a total transaction of C$502,640.00.
• On Tuesday, May 26th, Athabasca Oil Corporation acquired 44,900 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$11.53 per share, with a total value of C$517,697.00.
• On Wednesday, May 27th, Athabasca Oil Corporation acquired 45,400 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$11.09 per share, with a total value of C$503,486.00.
• On Thursday, May 28th, Athabasca Oil Corporation acquired 45,700 shares of Athabasca Oil stock. The shares were purchased at an average price of C$11.31 per share, with a total value of C$516,867.00.
• On Friday, May 29th, Athabasca Oil Corporation bought 46,900 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$11.00 per share, for a total transaction of C$515,900.00.

Athabasca Oil Stock Performance

TSE:ATH traded down C$0.18 on Thursday, hitting C$10.04. The stock had a trading volume of 781,027 shares, compared to its average volume of 2,684,768. The stock has a market cap of C$4.86 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of -0.51 and a beta of -0.22. The company has a quick ratio of 1.24, a current ratio of 1.74 and a debt-to-equity ratio of 11.35. The business’s 50-day simple moving average is C$11.36 and its two-hundred day simple moving average is C$9.52. Athabasca Oil Co. has a 52-week low of C$5.43 and a 52-week high of C$12.86.

Athabasca Oil (TSE:ATH) last released its quarterly earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share (EPS) for the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%.The business had revenue of C$355.58 million during the quarter. As a group, research analysts predict that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on ATH. Royal Bank Of Canada upped their target price on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a report on Friday, May 8th. TD Securities upped their target price on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, March 6th. Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and increased their price target for the stock from C$8.00 to C$13.00 in a research note on Monday, March 30th. National Bank Financial boosted their price objective on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Finally, Jefferies Financial Group set a C$14.00 target price on shares of Athabasca Oil and gave the stock a “buy” rating in a research report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$10.89.

About Athabasca Oil

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.