Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Acquires 49,900 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 49,900 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was bought at an average price of C$10.18 per share, for a total transaction of C$507,982.00. Following the acquisition, the insider owned 922,900 shares in the company, valued at C$9,395,122. The trade was a 5.72% increase in their ownership of the stock.

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

• On Tuesday, June 23rd, Athabasca Oil Corporation acquired 47,300 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.77 per share, with a total value of C$509,421.00.
• On Wednesday, June 24th, Athabasca Oil Corporation acquired 49,000 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.30 per share, with a total value of C$504,700.00.
• On Friday, June 26th, Athabasca Oil Corporation bought 49,600 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.21 per share, for a total transaction of C$506,416.00.
• On Monday, June 29th, Athabasca Oil Corporation bought 48,900 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.25 per share, for a total transaction of C$501,225.00.
• On Tuesday, June 30th, Athabasca Oil Corporation purchased 48,800 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$502,640.00.
• On Tuesday, May 26th, Athabasca Oil Corporation purchased 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 Wednesday, May 27th, Athabasca Oil Corporation purchased 45,400 shares of Athabasca Oil stock. The shares were purchased at an average price of C$11.09 per share, with a total value of C$503,486.00.
• On Thursday, May 28th, Athabasca Oil Corporation acquired 45,700 shares of Athabasca Oil stock. The stock was purchased at an average price 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 stock was purchased at an average price of C$11.00 per share, for a total transaction of C$515,900.00.

Athabasca Oil Stock Performance

TSE ATH opened at C$10.19 on Friday. The firm has a market capitalization of C$4.93 billion, a P/E ratio of 22.64, a P/E/G ratio of -0.51 and a beta of -0.22. 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 debt-to-equity ratio of 11.35, a current ratio of 1.74 and a quick ratio of 1.24. The business’s 50-day simple moving average is C$11.35 and its 200-day simple moving average is C$9.55.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on ATH. Royal Bank Of Canada boosted 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 research note on Friday, May 8th. Raymond James Financial raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and raised their target price for the company from C$8.00 to C$13.00 in a research note on Monday, March 30th. TD Securities boosted their price objective on 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. National Bank Financial upped their target price 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. Finally, Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the company a “buy” rating in a research note on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$10.89.

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.