Athabasca Oil (TSE:ATH) Insider Acquires C$507,982.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 49,900 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was purchased at an average cost of C$10.18 per share, with a total value of C$507,982.00. Following the purchase, the insider owned 922,900 shares of the company’s stock, valued at C$9,395,122. The trade was a 5.72% increase in their ownership of the stock.

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

• On Tuesday, June 23rd, Athabasca Oil Corporation purchased 47,300 shares of Athabasca Oil stock. The stock was acquired 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 purchased 49,000 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$504,700.00.
• On Friday, June 26th, Athabasca Oil Corporation acquired 49,600 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.21 per share, for a total transaction of C$506,416.00.
• On Monday, June 29th, Athabasca Oil Corporation bought 48,900 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.25 per share, for a total transaction of C$501,225.00.
• On Tuesday, June 30th, Athabasca Oil Corporation bought 48,800 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.30 per share, with a total value of C$502,640.00.
• On Tuesday, May 26th, Athabasca Oil Corporation bought 44,900 shares of Athabasca Oil stock. The shares were bought 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 stock was bought 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 purchased 45,700 shares of Athabasca Oil stock. The stock was bought 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 bought at an average price of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Trading Down 1.8%

Athabasca Oil stock traded down C$0.18 during trading hours on Thursday, hitting C$10.04. The company had a trading volume of 781,027 shares, compared to its average volume of 2,684,768. The firm has a market cap of C$4.86 billion, a P/E ratio of 22.31, 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 quick ratio of 1.24 and a current ratio of 1.74. Athabasca Oil Co. has a 1 year low of C$5.43 and a 1 year high of C$12.86. The company has a 50-day moving average price of C$11.36 and a two-hundred day moving average price of C$9.52.

Athabasca Oil (TSE:ATH) last issued 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 for the quarter. On average, sell-side analysts anticipate that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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