Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Acquires 48,900 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 48,900 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were purchased at an average cost of C$10.25 per share, for a total transaction of C$501,225.00. Following the completion of the transaction, the insider directly owned 1,021,400 shares of the company’s stock, valued at C$10,469,350. This represents a 5.03% 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 shares were purchased at an average cost 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 stock was acquired 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 bought 49,900 shares of Athabasca Oil stock. The stock was acquired 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 bought 49,600 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.21 per share, with a total value of C$506,416.00.
• On Tuesday, June 30th, Athabasca Oil Corporation purchased 48,800 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.30 per share, with a total value of C$502,640.00.
• On Tuesday, May 26th, Athabasca Oil Corporation purchased 44,900 shares of Athabasca Oil stock. The shares were acquired 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 stock was acquired at an average cost 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 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 acquired at an average cost of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Trading Down 0.3%

TSE ATH opened at C$10.19 on Friday. The business’s fifty day moving average is C$11.35 and its 200-day moving average is C$9.55. 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 capitalization of C$4.93 billion, a price-to-earnings ratio of 22.64, a PEG ratio of -0.51 and a beta of -0.22. 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 posted its quarterly earnings data 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 net margin of 16.25% and a return on equity of 12.23%. Equities research analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ATH. Jefferies Financial Group set a C$14.00 price target on shares of 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 upped their price objective for the company from C$8.00 to C$13.00 in a research note on Monday, March 30th. TD Securities raised their target price on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, March 6th. National Bank Financial raised their target price on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Finally, Royal Bank Of Canada boosted their target price 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. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.