Athabasca Oil Corporation Purchases 49,000 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 49,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were purchased at an average cost of C$10.30 per share, with a total value of C$504,700.00. Following the completion of the purchase, the insider directly owned 873,000 shares in the company, valued at approximately C$8,991,900. This represents a 5.95% 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 acquired at an average price of C$10.77 per share, with a total value of C$509,421.00.
• On Thursday, June 25th, Athabasca Oil Corporation purchased 49,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.18 per share, for a total transaction of C$507,982.00.
• On Friday, June 26th, Athabasca Oil Corporation acquired 49,600 shares of Athabasca Oil stock. The stock was acquired 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 stock was bought at an average cost of C$10.25 per share, with a total value of C$501,225.00.
• On Tuesday, June 30th, Athabasca Oil Corporation acquired 48,800 shares of Athabasca Oil stock. The shares were 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 acquired 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 stock was bought at an average price of C$11.09 per share, with a total value 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 cost of C$11.31 per share, with a total value of C$516,867.00.
• On Friday, May 29th, Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock. The shares were bought at an average price of C$11.00 per share, for a total transaction of C$515,900.00.

Athabasca Oil Stock Performance

Shares of Athabasca Oil stock traded down C$0.18 on Thursday, reaching C$10.04. The stock had a trading volume of 781,027 shares, compared to its average volume of 2,684,768. The business’s 50-day moving average price is C$11.36 and its two-hundred day moving average price is C$9.52. 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 Co. has a fifty-two week low of C$5.43 and a fifty-two week high of C$12.86. The stock has a market cap of C$4.86 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of -0.51 and a beta of -0.22.

Athabasca Oil (TSE:ATH) last posted its 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 for the quarter. Athabasca Oil had a net margin of 16.25% and a return on equity of 12.23%. On average, sell-side analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ATH. 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. Royal Bank Of Canada increased 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 report on Friday, May 8th. Raymond James Financial upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from C$8.00 to C$13.00 in a research note on Monday, March 30th. National Bank Financial increased their price target on shares of Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Finally, TD Securities upped 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. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Athabasca Oil 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.