Athabasca Oil Corporation Purchases 47,300 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 47,300 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were bought at an average price of C$10.77 per share, for a total transaction of C$509,421.00. Following the completion of the transaction, the insider directly owned 824,000 shares in the company, valued at C$8,874,480. This represents a 6.09% increase in their position.

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

• On Wednesday, June 24th, Athabasca Oil Corporation bought 49,000 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.30 per share, with a total value of C$504,700.00.
• On Thursday, June 25th, Athabasca Oil Corporation bought 49,900 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.18 per share, for a total transaction of C$507,982.00.
• On Friday, June 26th, Athabasca Oil Corporation purchased 49,600 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.21 per share, for a total transaction of C$506,416.00.
• On Monday, June 29th, Athabasca Oil Corporation purchased 48,900 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.25 per share, with a total value of C$501,225.00.
• On Tuesday, June 30th, Athabasca Oil Corporation acquired 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 stock was 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 bought 45,400 shares of Athabasca Oil stock. The shares were acquired 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 bought 45,700 shares of Athabasca Oil stock. The shares were 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 acquired 46,900 shares of Athabasca Oil stock. The shares were bought at an average cost of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Trading Down 1.8%

Shares of TSE ATH traded down C$0.18 during mid-day trading on Thursday, hitting C$10.04. 781,027 shares of the company traded hands, compared to its average volume of 2,684,768. Athabasca Oil Co. has a 1 year low of C$5.43 and a 1 year high of C$12.86. The stock has a market capitalization of C$4.86 billion, a price-to-earnings ratio of 22.31, a PEG ratio of -0.51 and a beta of -0.22. The company has a quick ratio of 1.24, a current ratio of 1.74 and a debt-to-equity ratio of 11.35. The business has a 50 day moving average of C$11.36 and a two-hundred day moving average of C$9.52.

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. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%.The firm 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 fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on ATH shares. 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. Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and increased their target price for the company from C$8.00 to C$13.00 in a research note on Monday, March 30th. Jefferies Financial Group set a C$14.00 price target on Athabasca Oil and gave the company a “buy” rating in a research note on Thursday, June 4th. National Bank Financial increased their price objective on shares of 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. Finally, Royal Bank Of Canada raised their price objective on shares of 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 investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.