Athabasca Oil (TSE:ATH) Insider Purchases 49,600 Shares of Stock

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

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 bought at an average cost of C$10.77 per share, for a total transaction of C$509,421.00.
• On Wednesday, June 24th, Athabasca Oil Corporation acquired 49,000 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.30 per share, for a total transaction of C$504,700.00.
• On Thursday, June 25th, Athabasca Oil Corporation bought 49,900 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.18 per share, with a total value of C$507,982.00.
• On Monday, June 29th, Athabasca Oil Corporation bought 48,900 shares of Athabasca Oil stock. The stock was bought 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 bought 48,800 shares of Athabasca Oil stock. The stock was bought 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 bought at an average price of C$11.53 per share, for a total transaction 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 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 purchased at an average cost of C$11.31 per share, with a total value 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 cost of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Trading Down 1.8%

Athabasca Oil stock traded down C$0.18 during midday trading on Thursday, hitting C$10.04. 781,027 shares of the stock were exchanged, compared to its average volume of 2,684,768. The company has a current ratio of 1.74, a quick ratio of 1.24 and a debt-to-equity ratio of 11.35. The stock’s 50-day simple moving average is C$11.36 and its 200 day simple moving average is C$9.52. Athabasca Oil Co. has a fifty-two week low of C$5.43 and a fifty-two week high of C$12.86. The stock has a market capitalization of C$4.86 billion, a price-to-earnings ratio of 22.31, a PEG ratio of -0.51 and a beta of -0.22.

Athabasca Oil (TSE:ATH) last posted its earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. Athabasca Oil had a net margin of 16.25% and a return on equity of 12.23%. The company had revenue of C$355.58 million for the quarter. On average, equities analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. TD Securities increased their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, March 6th. Royal Bank Of Canada increased their price objective on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Jefferies Financial Group set a C$14.00 price objective on Athabasca Oil and gave the company a “buy” rating in a research report on Thursday, June 4th. National Bank Financial upped their price target on shares of 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, Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from C$8.00 to C$13.00 in a research report on Monday, March 30th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Athabasca Oil has an average rating of “Hold” and an average price target 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.