Athabasca Oil Corporation Purchases 47,300 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 47,300 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average cost of C$10.77 per share, for a total transaction of C$509,421.00. Following the completion of the purchase, the insider owned 824,000 shares of the company’s stock, valued at approximately C$8,874,480. This represents a 6.09% increase in their position.

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

• On Wednesday, June 24th, Athabasca Oil Corporation acquired 49,000 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.30 per share, with a total value of C$504,700.00.
• On Thursday, June 25th, Athabasca Oil Corporation acquired 49,900 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.18 per share, with a total value of C$507,982.00.
• On Friday, June 26th, Athabasca Oil Corporation bought 49,600 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.21 per share, for a total transaction of C$506,416.00.
• On Monday, June 29th, Athabasca Oil Corporation purchased 48,900 shares of Athabasca Oil stock. The stock was bought 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 purchased 48,800 shares of Athabasca Oil stock. The stock was bought at an average price 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 stock was bought at an average cost of C$11.53 per share, with a total value of C$517,697.00.
• On Wednesday, May 27th, Athabasca Oil Corporation acquired 45,400 shares of Athabasca Oil stock. The shares were bought 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 acquired 45,700 shares of Athabasca Oil stock. The shares were bought at an average cost of C$11.31 per share, for a total transaction of C$516,867.00.
• On Friday, May 29th, Athabasca Oil Corporation acquired 46,900 shares of Athabasca Oil stock. The shares were bought at an average cost of C$11.00 per share, for a total transaction of C$515,900.00.

Athabasca Oil Stock Up 1.2%

Shares of TSE:ATH opened at C$10.31 on Friday. Athabasca Oil Co. has a 52-week low of C$5.43 and a 52-week high of C$12.86. The stock has a market cap of C$4.99 billion, a P/E ratio of 22.91, a PEG ratio of -0.51 and a beta of -0.22. The business has a fifty day moving average of C$11.32 and a two-hundred day moving average of C$9.55. The company has a quick ratio of 1.24, a current ratio of 1.74 and a debt-to-equity ratio of 11.35.

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

Analyst Ratings Changes

A number of brokerages have commented on ATH. TD Securities lifted their target price on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday, March 6th. National Bank Financial raised 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 report on Tuesday, March 31st. Jefferies Financial Group set a C$14.00 price target on shares of Athabasca Oil and gave the stock a “buy” rating in a report on Thursday, June 4th. Royal Bank Of Canada lifted their price target on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Finally, Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and increased their price objective for the stock from C$8.00 to C$13.00 in a research report on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average 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.