Insider Selling: Athabasca Oil Co. (TSE:ATH) Senior Officer Sells C$501,000.00 in Stock

Athabasca Oil Co. (TSE:ATH) Senior Officer Robert Anthony Broen sold 100,000 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$5.01, for a total transaction of C$501,000.00.

Athabasca Oil Stock Performance

Shares of TSE:ATH opened at C$4.90 on Monday. The firm has a market cap of C$2.74 billion, a PE ratio of 61.25, a price-to-earnings-growth ratio of -0.51 and a beta of 2.18. The firm’s 50 day simple moving average is C$4.94 and its 200-day simple moving average is C$4.72. Athabasca Oil Co. has a one year low of C$2.54 and a one year high of C$5.59. The company has a debt-to-equity ratio of 11.54, a quick ratio of 1.24 and a current ratio of 2.27.

Athabasca Oil (TSE:ATH) last issued its earnings results on Wednesday, May 8th. The oil and gas exploration company reported C$0.07 EPS for the quarter, hitting analysts’ consensus estimates of C$0.07. The business had revenue of C$311.12 million for the quarter. Athabasca Oil had a net margin of 3.63% and a return on equity of 2.65%. As a group, equities analysts predict that Athabasca Oil Co. will post 0.5296656 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. National Bank Financial raised shares of Athabasca Oil from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 9th. ATB Capital raised their price objective on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 20th. National Bankshares raised shares of Athabasca Oil from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$6.50 to C$7.00 in a research note on Thursday, May 9th. TD Securities downgraded shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 price objective for the company. in a research note on Tuesday, March 12th. Finally, Stifel Nicolaus raised their price objective on shares of Athabasca Oil from C$5.00 to C$5.75 and gave the stock a “buy” rating in a research note on Monday, March 4th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$6.14.

Athabasca Oil Company Profile

Athabasca Oil Corporation engages in the exploration, development, and production of thermal and light oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. It operates through Thermal Oil and Light Oil segments. The company's principal properties are in the Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer/Corner, Hangingstone, and Dover West projects located in the Athabasca region of northeastern Alberta.