Athabasca Oil Corporation Purchases 48,800 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 48,800 shares of the stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of C$10.30 per share, for a total transaction of C$502,640.00. Following the completion of the transaction, the insider owned 1,070,200 shares of the company’s stock, valued at C$11,023,060. This trade represents a 4.78% increase in their position.

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

• On Tuesday, June 23rd, Athabasca Oil Corporation bought 47,300 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.77 per share, with a total value of C$509,421.00.
• On Wednesday, June 24th, Athabasca Oil Corporation purchased 49,000 shares of Athabasca Oil stock. The shares were 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 acquired 49,900 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.18 per share, with a total value of C$507,982.00.
• On Friday, June 26th, Athabasca Oil Corporation acquired 49,600 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.21 per share, with a total value of C$506,416.00.
• On Monday, June 29th, Athabasca Oil Corporation bought 48,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.25 per share, for a total transaction of C$501,225.00.
• On Tuesday, May 26th, Athabasca Oil Corporation bought 44,900 shares of Athabasca Oil stock. The stock was 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 stock was acquired 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 acquired 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 bought at an average cost of C$11.00 per share, for a total transaction of C$515,900.00.

Athabasca Oil Trading Up 1.2%

ATH stock opened at C$10.31 on Friday. Athabasca Oil Co. has a 1-year low of C$5.43 and a 1-year 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. The business’s 50 day moving average is C$11.32 and its 200-day moving average is C$9.55. The firm 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.

Athabasca Oil (TSE:ATH) last posted its earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 EPS for the quarter. The business 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%. Equities analysts anticipate that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on ATH shares. National Bank Financial upped their price objective 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. Royal Bank Of Canada lifted their target price 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. Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$8.00 to C$13.00 in a report on Monday, March 30th. TD Securities increased their price target on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, March 6th. Finally, Jefferies Financial Group set a C$14.00 price target on Athabasca Oil and gave the company a “buy” rating in a report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Athabasca Oil presently has an average rating of “Hold” and a consensus price target of C$10.89.

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.