Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Buys 47,300 Shares

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 47,300 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average cost of C$10.77 per share, for a total transaction of C$509,421.00. Following the purchase, the insider owned 824,000 shares in the company, valued at C$8,874,480. This trade represents a 6.09% increase in their ownership of the stock.

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

• On Wednesday, June 24th, Athabasca Oil Corporation purchased 49,000 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.30 per share, for a total transaction of C$504,700.00.
• On Thursday, June 25th, Athabasca Oil Corporation acquired 49,900 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.18 per share, with a total value of C$507,982.00.
• On Friday, June 26th, Athabasca Oil Corporation acquired 49,600 shares of Athabasca Oil stock. The stock was 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 acquired 48,900 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.25 per share, with a total value of C$501,225.00.
• On Tuesday, June 30th, Athabasca Oil Corporation bought 48,800 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.30 per share, for a total transaction of C$502,640.00.
• On Tuesday, May 26th, Athabasca Oil Corporation bought 44,900 shares of Athabasca Oil stock. The stock was bought at an average cost of C$11.53 per share, for a total transaction of C$517,697.00.
• On Wednesday, May 27th, Athabasca Oil Corporation bought 45,400 shares of Athabasca Oil stock. The shares were bought at an average price of C$11.09 per share, for a total transaction of C$503,486.00.
• On Thursday, May 28th, Athabasca Oil Corporation bought 45,700 shares of Athabasca Oil stock. The shares were bought 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 shares were bought at an average price of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Stock Performance

Shares of ATH stock opened at C$10.19 on Friday. The company has a debt-to-equity ratio of 11.35, a current ratio of 1.74 and a quick ratio of 1.24. The stock has a market cap of C$4.93 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of -0.51 and a beta of -0.22. The stock has a 50-day moving average of C$11.35 and a 200-day moving average of C$9.55. Athabasca Oil Co. has a one year low of C$5.43 and a one year high of C$12.86.

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

Analyst Ratings Changes

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

Athabasca Oil Company Profile

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.