Athabasca Oil (TSE:ATH) Insider Purchases C$509,421.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 47,300 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average price of C$10.77 per share, with a total value of C$509,421.00. Following the completion of the transaction, the insider directly owned 824,000 shares of the company’s stock, valued at approximately C$8,874,480. This represents a 6.09% increase in their ownership of the stock.

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

• On Wednesday, June 24th, Athabasca Oil Corporation bought 49,000 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.30 per share, with a total value of C$504,700.00.
• On Thursday, June 25th, Athabasca Oil Corporation bought 49,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.18 per share, for a total transaction of C$507,982.00.
• On Friday, June 26th, Athabasca Oil Corporation bought 49,600 shares of Athabasca Oil stock. The shares were acquired 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 stock was bought 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 stock was bought at an average cost 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 stock was bought 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 acquired 45,400 shares of Athabasca Oil stock. The shares were bought 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 acquired 45,700 shares of Athabasca Oil stock. The shares were bought at an average cost of C$11.31 per share, for a total transaction of C$516,867.00.
• On Friday, May 29th, Athabasca Oil Corporation acquired 46,900 shares of Athabasca Oil stock. The shares were bought 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. The firm has a market cap of C$4.99 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of -0.51 and a beta of -0.22. The company’s 50-day simple moving average is C$11.32 and its 200-day simple moving average is C$9.55. The company has a quick ratio of 1.24, a current ratio of 1.74 and a debt-to-equity ratio of 11.35. Athabasca Oil Co. has a 52-week low of C$5.43 and a 52-week high of C$12.86.

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. The firm had revenue of C$355.58 million during the quarter. Athabasca Oil had a net margin of 16.25% and a return on equity of 12.23%. Equities analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. National Bank Financial raised 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 research note on Tuesday, March 31st. Raymond James Financial upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and boosted their price target for the stock from C$8.00 to C$13.00 in a research report on Monday, March 30th. Finally, Jefferies Financial Group set a C$14.00 price objective on shares of Athabasca Oil and gave the company a “buy” rating in a research note on Thursday, June 4th. Three investment 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 company has a consensus rating of “Hold” and a consensus 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.