Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Buys 49,000 Shares

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 49,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was purchased at an average price of C$10.30 per share, with a total value of C$504,700.00. Following the completion of the purchase, the insider owned 873,000 shares in the company, valued at approximately C$8,991,900. This trade represents a 5.95% increase in their ownership of the stock.

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

• On Tuesday, June 23rd, Athabasca Oil Corporation purchased 47,300 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.77 per share, for a total transaction of C$509,421.00.
• On Thursday, June 25th, Athabasca Oil Corporation purchased 49,900 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.18 per share, for a total transaction of C$507,982.00.
• On Friday, June 26th, Athabasca Oil Corporation acquired 49,600 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.21 per share, with a total value of C$506,416.00.
• On Monday, June 29th, Athabasca Oil Corporation acquired 48,900 shares of Athabasca Oil stock. The stock was purchased at an average price 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 shares were purchased at an average cost of C$10.30 per share, for a total transaction of C$502,640.00.
• On Tuesday, May 26th, Athabasca Oil Corporation bought 44,900 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$11.53 per share, for a total transaction of C$517,697.00.
• On Wednesday, May 27th, Athabasca Oil Corporation bought 45,400 shares of Athabasca Oil stock. The shares were acquired at an average price of C$11.09 per share, for a total transaction of C$503,486.00.
• On Thursday, May 28th, Athabasca Oil Corporation purchased 45,700 shares of Athabasca Oil stock. The stock was acquired at an average price 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 acquired at an average price of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Trading Down 0.3%

Shares of ATH stock opened at C$10.19 on Friday. 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 company has a market cap of C$4.93 billion, a price-to-earnings ratio of 22.64, a PEG ratio of -0.51 and a beta of -0.22. The stock has a 50 day simple moving average of C$11.35 and a 200-day simple moving average of C$9.55. Athabasca Oil Co. has a 1-year low of C$5.43 and a 1-year high of C$12.86.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ATH. TD Securities lifted their target price on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a research report on Friday, March 6th. Raymond James Financial upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and upped their price target for the stock from C$8.00 to C$13.00 in a research report on Monday, March 30th. Jefferies Financial Group set a C$14.00 price target on shares of Athabasca Oil and gave the company a “buy” rating in a research note on Thursday, June 4th. Royal Bank Of Canada boosted 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 note on Friday, May 8th. Finally, National Bank Financial increased their target price on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.