Thomas William Ebbern Acquires 100,000 Shares of Athabasca Oil Corp (ATH) Stock

Athabasca Oil Corp (TSE:ATH) Director Thomas William Ebbern purchased 100,000 shares of Athabasca Oil stock in a transaction dated Friday, December 14th. The shares were acquired at an average cost of C$1.08 per share, for a total transaction of C$108,000.00.

TSE ATH opened at C$1.06 on Friday. The company has a debt-to-equity ratio of 37.61, a quick ratio of 1.89 and a current ratio of 2.32. Athabasca Oil Corp has a 1 year low of C$0.95 and a 1 year high of C$1.98.

Athabasca Oil (TSE:ATH) last released its earnings results on Wednesday, November 7th. The oil and gas exploration company reported C$0.06 earnings per share (EPS) for the quarter. The firm had revenue of C$255.95 million during the quarter. On average, analysts anticipate that Athabasca Oil Corp will post 0.01 earnings per share for the current fiscal year.

ATH has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price target on Athabasca Oil from C$2.25 to C$2.00 in a research report on Tuesday, October 9th. Raymond James reaffirmed a “market perform” rating and set a C$2.50 price target on shares of Athabasca Oil in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$2.26.

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Athabasca Oil Company Profile

Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Hangingstone asset in northeastern Alberta.

Further Reading: When is a capital gain realized?

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