Athabasca Oil Corporation Buys 45,400 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 45,400 shares of Athabasca Oil stock in a transaction that occurred on Wednesday, May 27th. The shares were purchased at an average cost of C$11.09 per share, with a total value of C$503,486.00. Following the completion of the acquisition, the insider owned 864,800 shares of the company’s stock, valued at C$9,590,632. The trade was a 5.54% increase in their position.

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

• On Tuesday, May 26th, Athabasca Oil Corporation acquired 44,900 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$11.53 per share, with a total value of C$517,697.00.
• On Thursday, May 28th, Athabasca Oil Corporation acquired 45,700 shares of Athabasca Oil stock. The shares were purchased at an average cost 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 purchased at an average cost of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Stock Performance

Shares of ATH stock opened at C$11.48 on Wednesday. The stock has a fifty day moving average price of C$11.19 and a 200 day moving average price of C$9.01. The stock has a market cap of C$5.56 billion, a PE ratio of 25.51, a P/E/G ratio of -0.51 and a beta of 0.12. Athabasca Oil Co. has a 1 year low of C$5.22 and a 1 year high of C$12.86. 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 (TSE:ATH) last issued 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 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%. Sell-side analysts forecast that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ATH. National Bank Financial raised their price target on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. TD Securities raised their price target 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. Royal Bank Of Canada raised their price target on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Finally, Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and raised their price target for the stock from C$8.00 to C$13.00 in a research report on Monday, March 30th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Athabasca Oil currently has a consensus rating of “Hold” and a consensus 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.