Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Acquires 46,900 Shares

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 46,900 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of C$11.00 per share, with a total value of C$515,900.00. Following the completion of the acquisition, the insider owned 957,400 shares in the company, valued at approximately C$10,531,400. This represents a 5.15% increase in their position.

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

• On Tuesday, May 26th, Athabasca Oil Corporation purchased 44,900 shares of Athabasca Oil stock. The shares were purchased 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 purchased 45,400 shares of Athabasca Oil stock. The shares were 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 purchased 45,700 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$11.31 per share, with a total value of C$516,867.00.

Athabasca Oil Price Performance

ATH opened at C$11.42 on Tuesday. The company has a fifty day simple moving average of C$11.19 and a 200 day simple moving average of C$9.01. The firm has a market cap of C$5.53 billion, a price-to-earnings ratio of 25.38, a PEG ratio of -0.51 and a beta of 0.12. 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 current ratio of 1.74, a quick ratio of 1.24 and a debt-to-equity ratio of 11.35.

Athabasca Oil (TSE:ATH) last released 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 net margin of 16.25% and a return on equity of 12.23%. The business had revenue of C$355.58 million during the quarter. Equities research analysts expect that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ATH. National Bank Financial increased their price objective on shares of Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. TD Securities increased 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. Royal Bank Of Canada increased their price objective on shares of 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. Finally, Raymond James Financial upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$8.00 to C$13.00 in a research note on Monday, March 30th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$10.38.

Athabasca Oil Company Profile

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.