Insider Selling: Athabasca Oil Co. (TSE:ATH) Senior Officer Sells 215,200 Shares of Stock

Athabasca Oil Co. (TSE:ATH) Senior Officer Karla Dawn Ingoldsby sold 215,200 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$5.57, for a total transaction of C$1,198,879.20.

Athabasca Oil Stock Performance

TSE:ATH opened at C$5.44 on Wednesday. Athabasca Oil Co. has a 12 month low of C$3.36 and a 12 month high of C$5.72. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.46 and a quick ratio of 1.24. The firm has a market capitalization of C$2.96 billion, a PE ratio of 36.60, a price-to-earnings-growth ratio of -0.51 and a beta of 2.10. The business’s fifty day moving average price is C$5.32 and its 200 day moving average price is C$5.10.

Athabasca Oil (TSE:ATH) last issued its earnings results on Wednesday, July 24th. The oil and gas exploration company reported C$0.17 earnings per share for the quarter. The business had revenue of C$401.74 million for the quarter. Athabasca Oil had a return on equity of 5.04% and a net margin of 6.32%. On average, sell-side analysts anticipate that Athabasca Oil Co. will post 0.5450942 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ATH has been the subject of several research reports. National Bankshares boosted their price target on shares of Athabasca Oil from C$7.00 to C$7.50 in a research note on Thursday, July 25th. TD Securities boosted their target price on Athabasca Oil from C$5.50 to C$6.00 in a research note on Thursday, July 25th. National Bank Financial upgraded Athabasca Oil from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 9th. Finally, ATB Capital lifted their price objective on Athabasca Oil from C$7.00 to C$7.50 in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Athabasca Oil presently has an average rating of “Moderate Buy” and an average target price of C$6.43.

About Athabasca Oil

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.