Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Buys 44,900 Shares

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 44,900 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of C$11.53 per share, for a total transaction of C$517,697.00. Following the completion of the transaction, the insider owned 819,400 shares in the company, valued at approximately C$9,447,682. This trade represents a 5.80% increase in their ownership of the stock.

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

• On Wednesday, May 27th, Athabasca Oil Corporation purchased 45,400 shares of Athabasca Oil stock. The stock was acquired at an average cost 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 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 purchased at an average price of C$11.00 per share, for a total transaction of C$515,900.00.

Athabasca Oil Stock Performance

Shares of ATH traded up C$0.44 on Monday, reaching C$11.35. 1,523,019 shares of the stock traded hands, compared to its average volume of 2,856,215. The firm has a market cap of C$5.49 billion, a price-to-earnings ratio of 25.22, 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. Athabasca Oil Co. has a 12 month low of C$5.19 and a 12 month high of C$12.86. The stock’s 50-day moving average price is C$11.15 and its 200-day moving average price is C$8.98.

Athabasca Oil (TSE:ATH) last released 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. The business had revenue of C$355.58 million for the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%. Equities analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ATH has been the topic of a number of research reports. Royal Bank Of Canada boosted 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 report on Friday, May 8th. TD Securities boosted their price target 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 boosted their price target for the company from C$8.00 to C$13.00 in a research note on Monday, March 30th. Finally, National Bank Financial boosted their price target 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’s stock. According to MarketBeat.com, Athabasca Oil has an average rating of “Hold” and an average price target of C$10.38.

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.