Athabasca Oil (TSE:ATH) Insider Purchases C$515,900.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 46,900 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was bought at an average cost of C$11.00 per share, with a total value of C$515,900.00. Following the completion of the acquisition, the insider directly owned 957,400 shares of the company’s stock, valued at approximately C$10,531,400. This trade represents a 5.15% increase in their ownership of the stock.

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

• On Tuesday, May 26th, Athabasca Oil Corporation purchased 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 Wednesday, May 27th, Athabasca Oil Corporation purchased 45,400 shares of Athabasca Oil stock. The stock was bought at an average cost of C$11.09 per share, with a total value 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, with a total value of C$516,867.00.

Athabasca Oil Price Performance

Athabasca Oil stock opened at C$11.84 on Thursday. Athabasca Oil Co. has a one year low of C$5.22 and a one year high of C$12.86. The business has a fifty day moving average price of C$11.27 and a 200-day moving average price of C$9.07. 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 firm has a market capitalization of C$5.73 billion, a P/E ratio of 26.31, a PEG ratio of -0.51 and a beta of 0.12.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings results 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, equities research analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. TD Securities lifted their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, March 6th. Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and lifted their price objective for the company from C$8.00 to C$13.00 in a research note on Monday, March 30th. Royal Bank Of Canada lifted 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 note on Friday, May 8th. Finally, National Bank Financial lifted their price objective on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$10.38.

Athabasca Oil Company Profile

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.