Athabasca Oil Corporation Purchases 49,900 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 49,900 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average cost of C$10.18 per share, for a total transaction of C$507,982.00. Following the purchase, the insider owned 922,900 shares of the company’s stock, valued at approximately C$9,395,122. The trade was a 5.72% increase in their ownership of the stock.

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

• On Tuesday, June 23rd, Athabasca Oil Corporation bought 47,300 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.77 per share, with a total value of C$509,421.00.
• On Wednesday, June 24th, Athabasca Oil Corporation bought 49,000 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.30 per share, for a total transaction of C$504,700.00.
• On Friday, June 26th, Athabasca Oil Corporation bought 49,600 shares of Athabasca Oil stock. The stock was purchased 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 shares were purchased at an average cost of C$10.25 per share, for a total transaction of C$501,225.00.
• On Tuesday, June 30th, Athabasca Oil Corporation purchased 48,800 shares of Athabasca Oil stock. The shares were purchased 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 shares were purchased at an average price 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 stock was purchased at an average cost of C$11.09 per share, with a total value 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 shares were purchased 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 1 year low of C$5.43 and a 1 year high of C$12.86. The firm’s 50 day moving average price is C$11.32 and its 200 day moving average price is C$9.55. The firm has a market cap of C$4.99 billion, a P/E ratio of 22.91, a price-to-earnings-growth ratio of -0.51 and a beta of -0.22. The company has a debt-to-equity ratio of 11.35, a quick ratio of 1.24 and a current ratio of 1.74.

Athabasca Oil (TSE:ATH) last issued its quarterly 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 return on equity of 12.23% and a net margin of 16.25%.The company had revenue of C$355.58 million during the quarter. As a group, sell-side analysts anticipate that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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