Athabasca Oil Corporation Acquires 49,600 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 49,600 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was purchased at an average price of C$10.21 per share, with a total value of C$506,416.00. Following the transaction, the insider owned 972,500 shares of the company’s stock, valued at approximately C$9,929,225. This trade represents a 5.37% increase in their position.

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

• On Tuesday, June 23rd, Athabasca Oil Corporation bought 47,300 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.77 per share, for a total transaction of C$509,421.00.
• On Wednesday, June 24th, Athabasca Oil Corporation purchased 49,000 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.30 per share, with a total value of C$504,700.00.
• On Thursday, June 25th, Athabasca Oil Corporation purchased 49,900 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.18 per share, with a total value of C$507,982.00.
• 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 purchased 48,800 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.30 per share, for a total transaction of C$502,640.00.
• On Tuesday, May 26th, Athabasca Oil Corporation acquired 44,900 shares of Athabasca Oil stock. The stock was 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 acquired 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 acquired 45,700 shares of Athabasca Oil stock. The stock was 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 bought 46,900 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Price Performance

Shares of TSE:ATH traded down C$0.18 during midday trading on Thursday, reaching C$10.04. 781,027 shares of the company’s stock 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 company has a market cap of C$4.86 billion, a P/E ratio of 22.31, a PEG ratio of -0.51 and a beta of -0.22. The company has a debt-to-equity ratio of 11.35, a quick ratio of 1.24 and a current ratio of 1.74. The company has a fifty day simple moving average of C$11.36 and a two-hundred day simple moving average of C$9.52.

Athabasca Oil (TSE:ATH) last released its quarterly earnings results 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 for the quarter. Athabasca Oil had a net margin of 16.25% and a return on equity of 12.23%. Equities analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Analyst Ratings Changes

ATH has been the subject of a number of research reports. TD Securities boosted their target price on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday, March 6th. Raymond James Financial raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and raised their price target 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 objective on Athabasca Oil and gave the stock a “buy” rating in a report on Thursday, June 4th. National Bank Financial boosted their price objective on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. Finally, Royal Bank Of Canada increased their target price on Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Athabasca Oil presently 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.