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

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 49,600 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were bought at an average cost of C$10.21 per share, for a total transaction of C$506,416.00. Following the transaction, the insider directly owned 972,500 shares in the company, valued at approximately C$9,929,225. This represents 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 bought 47,300 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.77 per share, with a total value of C$509,421.00.
• On Wednesday, June 24th, Athabasca Oil Corporation purchased 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 acquired 49,900 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.18 per share, with a total value of C$507,982.00.
• On Monday, June 29th, Athabasca Oil Corporation acquired 48,900 shares of Athabasca Oil stock. The shares were 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 bought 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 purchased 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 purchased 45,400 shares of Athabasca Oil stock. The shares were acquired 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 acquired 45,700 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$11.31 per share, for a total transaction of C$516,867.00.
• On Friday, May 29th, Athabasca Oil Corporation acquired 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 Trading Down 0.3%

ATH opened at C$10.19 on Friday. Athabasca Oil Co. has a fifty-two week low of C$5.43 and a fifty-two week high of C$12.86. The firm has a market capitalization of C$4.93 billion, a PE ratio of 22.64, a P/E/G ratio of -0.51 and a beta of -0.22. 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 company’s 50-day moving average is C$11.35 and its 200 day moving average is C$9.55.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings data on Thursday, May 7th. The oil and gas exploration company reported C$0.10 EPS for the quarter. The firm 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%. As a group, research analysts predict that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ATH shares. Jefferies Financial Group set a C$14.00 price objective on shares of Athabasca Oil and gave the stock a “buy” rating in a report on Thursday, June 4th. Raymond James Financial raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$8.00 to C$13.00 in a research report on Monday, March 30th. TD Securities boosted their target price on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday, March 6th. National Bank Financial upped their target price on 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, Royal Bank Of Canada lifted 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. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.