Athabasca Oil (TSE:ATH) Insider Acquires C$516,867.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 45,700 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were acquired at an average cost of C$11.31 per share, for a total transaction of C$516,867.00. Following the transaction, the insider owned 910,500 shares of the company’s stock, valued at C$10,297,755. This trade represents a 5.28% 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 shares were acquired 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 purchased 45,400 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$11.09 per share, for a total transaction of C$503,486.00.
• On Friday, May 29th, Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$11.00 per share, for a total transaction of C$515,900.00.

Athabasca Oil Trading Up 3.1%

TSE ATH opened at C$11.84 on Thursday. The firm has a market cap of C$5.73 billion, a P/E ratio of 26.31, a P/E/G ratio of -0.51 and a beta of 0.12. 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’s 50-day moving average is C$11.27 and its 200-day moving average is C$9.07. Athabasca Oil Co. has a one year low of C$5.22 and a one year high of C$12.86.

Athabasca Oil (TSE:ATH) last announced its earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share (EPS) for the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%.The business had revenue of C$355.58 million for the quarter. Sell-side analysts anticipate that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on ATH. Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and lifted their target price for the company from C$8.00 to C$13.00 in a research report on Monday, March 30th. 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 lifted 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 report on Friday, May 8th. Finally, TD Securities lifted their target price on 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. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.