Athabasca Oil Corporation Buys 45,700 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 45,700 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was acquired at an average cost of C$11.31 per share, with a total value of C$516,867.00. Following the transaction, the insider owned 910,500 shares in the company, valued at C$10,297,755. The trade was a 5.28% increase in their position.

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

• On Tuesday, May 26th, Athabasca Oil Corporation bought 44,900 shares of Athabasca Oil stock. The stock was acquired 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 bought 45,400 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$11.09 per share, with a total value of C$503,486.00.
• On Friday, May 29th, Athabasca Oil Corporation bought 46,900 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Trading Up 0.5%

Athabasca Oil stock opened at C$11.48 on Wednesday. The business has a 50-day simple moving average of C$11.19 and a two-hundred day simple moving average of C$9.01. The company has a market cap of C$5.56 billion, a P/E ratio of 25.51, a P/E/G ratio of -0.51 and a beta of 0.12. Athabasca Oil Co. has a 52-week low of C$5.22 and a 52-week high of C$12.86. The company has a quick ratio of 1.24, a current ratio of 1.74 and a debt-to-equity ratio of 11.35.

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. The business had revenue of C$355.58 million during the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%. Analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ATH. Royal Bank Of Canada boosted their price objective on Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and boosted their price objective for the company from C$8.00 to C$13.00 in a research note on Monday, March 30th. TD Securities boosted their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, March 6th. Finally, 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 note on Tuesday, March 31st. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$10.38.

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.