Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Purchases 45,400 Shares

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 45,400 shares of Athabasca Oil stock in a transaction that occurred on Wednesday, May 27th. The shares were purchased at an average price of C$11.09 per share, with a total value of C$503,486.00. Following the transaction, the insider owned 864,800 shares of the company’s stock, valued at C$9,590,632. The trade was a 5.54% increase in their position.

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

• On Tuesday, May 26th, Athabasca Oil Corporation acquired 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 Thursday, May 28th, Athabasca Oil Corporation acquired 45,700 shares of Athabasca Oil stock. The shares were purchased 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 acquired 46,900 shares of Athabasca Oil stock. The shares were purchased at an average price of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Stock Up 4.7%

Athabasca Oil stock opened at C$11.42 on Tuesday. The stock has a market cap of C$5.53 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of -0.51 and a beta of 0.12. 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 Co. has a one year low of C$5.19 and a one year high of C$12.86. The stock has a fifty day moving average of C$11.19 and a 200 day moving average of C$9.01.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings data on Thursday, May 7th. The oil and gas exploration company reported C$0.10 EPS for the quarter. The company had revenue of C$355.58 million during the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%. As a group, sell-side analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ATH. TD Securities upped their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a research report on Friday, March 6th. Royal Bank Of Canada upped their price objective on Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research report on Friday, May 8th. National Bank Financial upped their price objective on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Finally, Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and upped their price objective for the company from C$8.00 to C$13.00 in a research report 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. According to MarketBeat, Athabasca Oil presently has a consensus 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.