Athabasca Oil (TSE:ATH) Announces Earnings Results

Athabasca Oil (TSE:ATH) posted its quarterly earnings results on Thursday. The oil and gas exploration company reported C$0.13 earnings per share (EPS) for the quarter, FiscalAI reports. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The company had revenue of C$306.54 million for the quarter.

Athabasca Oil Stock Down 0.5%

TSE ATH opened at C$10.36 on Friday. The firm has a market cap of C$5.01 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of -0.51 and a beta of -0.19. Athabasca Oil has a one year low of C$5.57 and a one year high of C$12.86. The stock’s 50 day simple moving average is C$10.82 and its 200 day simple moving average is C$10.08. The company has a debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Desjardins set a C$12.50 price objective on shares of Athabasca Oil and gave the company a “hold” rating in a research report on Friday, July 17th. Royal Bank Of Canada lifted their target price 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, Jefferies Financial Group set a C$14.00 price target on Athabasca Oil and gave the company a “buy” rating in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Athabasca Oil presently has an average rating of “Hold” and a consensus price target of C$11.50.

Insider Transactions at Athabasca Oil

In related news, insider Athabasca Oil Corporation purchased 49,900 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of C$10.18 per share, with a total value of C$507,982.00. Following the completion of the purchase, the insider directly owned 922,900 shares of the company’s stock, valued at C$9,395,122. This trade represents a 5.72% increase in their ownership of the stock. In the last 90 days, insiders have bought 476,400 shares of company stock worth $5,086,334. 0.24% of the stock is owned by corporate insiders.

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.