Athabasca Oil Co. (TSE:ATH) Insider Purchases C$1,396,848.39 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 259,700 shares of the business’s stock in a transaction on Friday, August 30th. The stock was acquired at an average cost of C$5.38 per share, for a total transaction of C$1,396,848.39.

Athabasca Oil Price Performance

Shares of TSE ATH opened at C$5.04 on Friday. The firm has a market capitalization of C$2.74 billion, a P/E ratio of 33.60, a P/E/G ratio of -0.51 and a beta of 2.10. The company has a quick ratio of 1.24, a current ratio of 2.46 and a debt-to-equity ratio of 11.60. The stock’s 50-day simple moving average is C$5.36 and its two-hundred day simple moving average is C$5.13. Athabasca Oil Co. has a twelve month low of C$3.36 and a twelve month high of C$5.72.

Athabasca Oil (TSE:ATH) last announced 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%. As a group, equities analysts anticipate that Athabasca Oil Co. will post 0.5450942 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.