Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Acquires 44,900 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 44,900 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were acquired at an average price of C$11.53 per share, with a total value of C$517,697.00. Following the completion of the acquisition, the insider directly owned 819,400 shares in the company, valued at C$9,447,682. This represents a 5.80% increase in their position.

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

• 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, with a total value of C$503,486.00.
• On Thursday, May 28th, Athabasca Oil Corporation bought 45,700 shares of Athabasca Oil stock. The shares were 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 bought 46,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Stock Performance

TSE:ATH opened at C$11.42 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 1.24 and a debt-to-equity ratio of 11.35. The firm has a 50-day moving average price of C$11.19 and a two-hundred day moving average price of C$9.01. Athabasca Oil Co. has a twelve month low of C$5.19 and a twelve month high of C$12.86. The company has a market capitalization of C$5.53 billion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of -0.51 and a beta of 0.12.

Athabasca Oil (TSE:ATH) last posted its 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 net margin of 16.25% and a return on equity of 12.23%. The firm had revenue of C$355.58 million during the quarter. As a group, research analysts expect that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ATH has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their price target on shares of 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. TD Securities lifted their price target on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, March 6th. National Bank Financial lifted 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. Finally, Raymond James Financial upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and lifted their price target for the stock from C$8.00 to C$13.00 in a report on Monday, March 30th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$10.38.

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.