Athabasca Oil (TSE:ATH) Stock Price Up 0.4% – Time to Buy?

Shares of Athabasca Oil Co. (TSE:ATH) traded up 0.4% during mid-day trading on Monday. The company traded as high as C$11.52 and last traded at C$11.50. 5,811,203 shares changed hands during mid-day trading, an increase of 90% from the average daily volume of 3,051,852 shares. The stock had previously closed at C$11.45.

Analyst Ratings Changes

Several analysts recently commented on ATH shares. TD Securities cut Athabasca Oil from a “hold” rating to a “strong sell” rating in a research report on Monday, October 5th. BMO Capital Markets lowered Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 price target for the company. in a research report on Wednesday, September 16th. Desjardins set a C$12.50 price target on Athabasca Oil and gave the stock a “hold” rating in a research report on Friday, July 17th. Royal Bank Of Canada set a C$12.00 price target on Athabasca Oil and gave the stock a “sector perform” rating in a research note on Thursday, September 10th. Finally, National Bank Financial lowered Athabasca Oil from an “outperform” rating to a “tender” rating and lowered their price target for the company from C$13.75 to C$12.00 in a report on Wednesday, October 7th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of C$11.22.

Athabasca Oil Stock Performance

The stock has a market cap of C$5.52 billion, a price-to-earnings ratio of 23.47, a PEG ratio of -0.51 and a beta of 0.02. The company’s 50 day simple moving average is C$11.32 and its 200 day simple moving average is C$10.55. The company has a debt-to-equity ratio of 11.07, a quick ratio of 1.24 and a current ratio of 1.75.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Wednesday, October 28th. The oil and gas exploration company reported C$0.16 earnings per share for the quarter. The company had revenue of C$360.89 million during the quarter. Athabasca Oil had a net margin of 17.03% and a return on equity of 12.76%. On average, equities research analysts anticipate that Athabasca Oil Co. will post 0.54 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Athabasca Oil Corporation bought 48,700 shares of the business’s stock in a transaction on Tuesday, September 29th. The stock was purchased at an average cost of C$10.28 per share, for a total transaction of C$500,636.00. Following the completion of the transaction, the insider directly owned 985,700 shares of the company’s stock, valued at approximately C$10,132,996. This trade represents a 5.20% increase in their position. Insiders purchased a total of 760,200 shares of company stock worth $7,998,932 over the last quarter. 0.24% of the stock is owned by insiders.

Athabasca Oil Company Profile

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol ‘ATH’.