Athabasca Oil (TSE:ATH) Insider Acquires C$507,982.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 49,900 shares of the stock in a transaction dated Thursday, June 25th. The shares were purchased at an average price of C$10.18 per share, with a total value of C$507,982.00. Following the completion of the acquisition, the insider owned 922,900 shares of the company’s stock, valued at approximately C$9,395,122. This represents 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 acquired 47,300 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.77 per share, for a total transaction of C$509,421.00.
• On Wednesday, June 24th, Athabasca Oil Corporation bought 49,000 shares of Athabasca Oil stock. The shares were 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 shares were 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 bought 48,900 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.25 per share, with a total value of C$501,225.00.
• On Tuesday, June 30th, Athabasca Oil Corporation purchased 48,800 shares of Athabasca Oil stock. The stock was acquired 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 acquired at an average cost of C$11.53 per share, for a total transaction of C$517,697.00.
• On Wednesday, May 27th, Athabasca Oil Corporation purchased 45,400 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$11.09 per share, for a total transaction of C$503,486.00.
• On Thursday, May 28th, Athabasca Oil Corporation acquired 45,700 shares of Athabasca Oil stock. The shares were acquired at an average price 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 stock was acquired at an average cost of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Price Performance

Shares of TSE:ATH opened at C$10.31 on Friday. The company has a market cap of C$4.99 billion, a P/E ratio of 22.91, a P/E/G ratio of -0.51 and a beta of -0.22. The business has a fifty day simple moving average of C$11.32 and a 200-day simple moving average of C$9.55. Athabasca Oil Co. has a 52 week low of C$5.43 and a 52 week high of C$12.86. 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 (TSE:ATH) last released 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 return on equity of 12.23% and a net margin of 16.25%.The firm had revenue of C$355.58 million for the quarter. Equities research analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Analyst Upgrades and Downgrades

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