Athabasca Oil Corporation Acquires 49,600 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 49,600 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average cost of C$10.21 per share, with a total value of C$506,416.00. Following the completion of the acquisition, the insider owned 972,500 shares of the company’s stock, valued at C$9,929,225. The trade was a 5.37% increase in their ownership of the stock.

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

• On Tuesday, June 23rd, Athabasca Oil Corporation acquired 47,300 shares of Athabasca Oil stock. The shares were purchased 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 shares were purchased at an average cost of C$10.30 per share, for a total transaction of C$504,700.00.
• On Thursday, June 25th, Athabasca Oil Corporation bought 49,900 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.18 per share, for a total transaction of C$507,982.00.
• On Monday, June 29th, Athabasca Oil Corporation bought 48,900 shares of Athabasca Oil stock. The stock was purchased 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 purchased 48,800 shares of Athabasca Oil stock. The shares were purchased 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 acquired 44,900 shares of Athabasca Oil stock. The shares were purchased at an average price of C$11.53 per share, for a total transaction of C$517,697.00.
• On Wednesday, May 27th, Athabasca Oil Corporation acquired 45,400 shares of Athabasca Oil stock. The shares were purchased 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 acquired 45,700 shares of Athabasca Oil stock. The stock was acquired at an average cost 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 acquired at an average price of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Stock Up 1.2%

Shares of TSE:ATH opened at C$10.31 on Friday. The stock has a market capitalization of C$4.99 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of -0.51 and a beta of -0.22. Athabasca Oil Co. has a 1-year low of C$5.43 and a 1-year high of C$12.86. The company’s fifty day moving average is C$11.32 and its two-hundred day moving average is C$9.55. The company has a debt-to-equity ratio of 11.35, a quick ratio of 1.24 and a current ratio of 1.74.

Athabasca Oil (TSE:ATH) last posted 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 net margin of 16.25% and a return on equity of 12.23%. The company had revenue of C$355.58 million for the quarter. Equities analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the company 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 increased their price target for the stock from C$8.00 to C$13.00 in a research report on Monday, March 30th. Royal Bank Of Canada raised their price target on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a report on Friday, May 8th. 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, 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 report on Friday, March 6th. Three 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, Athabasca Oil has a consensus rating of “Hold” and a consensus target price 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.