Athabasca Oil (TSE:ATH) Insider Purchases C$503,486.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 45,400 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was bought at an average cost of C$11.09 per share, with a total value of C$503,486.00. Following the transaction, the insider owned 864,800 shares in the company, valued at C$9,590,632. This trade represents a 5.54% 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 bought at an average cost of C$11.53 per share, with a total value of C$517,697.00.
• On Thursday, May 28th, Athabasca Oil Corporation bought 45,700 shares of Athabasca Oil stock. The stock was bought 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 stock was bought at an average cost of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Stock Performance

TSE:ATH traded up C$0.44 during trading hours on Monday, reaching C$11.35. The company had a trading volume of 1,523,019 shares, compared to its average volume of 2,856,215. The company has a current ratio of 1.74, a quick ratio of 1.24 and a debt-to-equity ratio of 11.35. Athabasca Oil Co. has a 52 week low of C$5.19 and a 52 week high of C$12.86. The firm has a market cap of C$5.49 billion, a price-to-earnings ratio of 25.22, a PEG ratio of -0.51 and a beta of 0.12. The firm’s 50 day moving average price is C$11.15 and its 200-day moving average price is C$8.98.

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

Analyst Upgrades and Downgrades

A number of research firms have commented on ATH. Royal Bank Of Canada lifted their target price 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. Raymond James Financial raised shares of 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 report on Monday, March 30th. TD Securities boosted their price objective on shares of 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. Finally, National Bank Financial boosted their price objective on shares of 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. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$10.38.

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.