Athabasca Oil Corporation Buys 47,300 Shares of Athabasca Oil (TSE:ATH) Stock

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

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

• On Wednesday, June 24th, Athabasca Oil Corporation purchased 49,000 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.30 per share, for a total transaction of C$504,700.00.
• On Thursday, June 25th, Athabasca Oil Corporation purchased 49,900 shares of Athabasca Oil stock. The stock was 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 purchased 49,600 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.21 per share, for a total transaction of C$506,416.00.
• On Monday, June 29th, Athabasca Oil Corporation acquired 48,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.25 per share, with a total value of C$501,225.00.
• On Tuesday, June 30th, Athabasca Oil Corporation acquired 48,800 shares of Athabasca Oil stock. The shares were 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 acquired 44,900 shares of Athabasca Oil stock. The stock was acquired 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 bought 45,400 shares of Athabasca Oil stock. The stock was 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 bought 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 bought 46,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$11.00 per share, for a total transaction of C$515,900.00.

Athabasca Oil Stock Down 1.8%

Athabasca Oil stock traded down C$0.18 during trading on Thursday, reaching C$10.04. 781,027 shares of the company’s stock were exchanged, compared to its average volume of 2,684,768. Athabasca Oil Co. has a 52-week low of C$5.43 and a 52-week high of C$12.86. The firm has a market cap of C$4.86 billion, a price-to-earnings ratio of 22.31, a PEG ratio of -0.51 and a beta of -0.22. The company has a debt-to-equity ratio of 11.35, a quick ratio of 1.24 and a current ratio of 1.74. The company’s 50-day moving average is C$11.36 and its two-hundred day moving average is C$9.52.

Athabasca Oil (TSE:ATH) last released 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 for the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%. On average, analysts predict that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ATH shares. TD Securities raised their price target on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, March 6th. Royal Bank Of Canada upped 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 report on Friday, May 8th. National Bank Financial lifted their target price on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Jefferies Financial Group set a C$14.00 price target on Athabasca Oil and gave the stock a “buy” rating in a research note on Thursday, June 4th. Finally, Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and increased their price target for the company from C$8.00 to C$13.00 in a report on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Athabasca Oil presently has an average 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.