Athabasca Oil (TSE:ATH) Releases Quarterly Earnings Results

Athabasca Oil (TSE:ATH) announced its earnings results on Thursday. The oil and gas exploration company reported C$0.13 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$306.54 million for the quarter. Athabasca Oil had a net margin of 16.25% and a return on equity of 12.23%.

Athabasca Oil Trading Down 1.4%

Athabasca Oil stock traded down C$0.15 during trading on Thursday, reaching C$10.47. The company had a trading volume of 1,077,990 shares, compared to its average volume of 2,562,225. Athabasca Oil has a 12-month low of C$5.57 and a 12-month high of C$12.86. The company has a debt-to-equity ratio of 11.35, a quick ratio of 1.24 and a current ratio of 1.74. The stock’s 50 day moving average price is C$10.89 and its two-hundred day moving average price is C$10.05. The firm has a market capitalization of C$5.07 billion, a price-to-earnings ratio of 23.27, a PEG ratio of -0.51 and a beta of -0.19.

Insiders Place Their Bets

In related news, insider Athabasca Oil Corporation purchased 49,900 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were bought at an average price of C$10.18 per share, for a total transaction of C$507,982.00. Following the acquisition, the insider directly owned 922,900 shares in the company, valued at C$9,395,122. This trade represents a 5.72% increase in their ownership of the stock. Insiders have purchased a total of 476,400 shares of company stock worth $5,086,334 over the last quarter. Company insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Desjardins set a C$12.50 price target on Athabasca Oil and gave the company a “hold” rating in a report on Friday, July 17th. Royal Bank Of Canada raised their price objective on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$11.50.

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.