Athabasca Oil Corporation Purchases 48,900 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 48,900 shares of the stock in a transaction on Monday, June 29th. The stock was acquired at an average price of C$10.25 per share, for a total transaction of C$501,225.00. Following the completion of the purchase, the insider directly owned 1,021,400 shares in the company, valued at approximately C$10,469,350. The trade was a 5.03% increase in their position.

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 acquired at an average price of C$10.77 per share, with a total value of C$509,421.00.
• On Wednesday, June 24th, Athabasca Oil Corporation acquired 49,000 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$504,700.00.
• On Thursday, June 25th, Athabasca Oil Corporation acquired 49,900 shares of Athabasca Oil stock. The stock was bought 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 bought 49,600 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.21 per share, for a total transaction of C$506,416.00.
• On Tuesday, June 30th, Athabasca Oil Corporation bought 48,800 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.30 per share, for a total transaction of C$502,640.00.
• On Tuesday, May 26th, Athabasca Oil Corporation bought 44,900 shares of Athabasca Oil stock. The shares were bought at an average price 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 bought 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 stock was bought 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 purchased 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 Stock Up 1.2%

TSE:ATH opened at C$10.31 on Friday. Athabasca Oil Co. has a twelve month low of C$5.43 and a twelve month high of C$12.86. The firm has a market capitalization of C$4.99 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of -0.51 and a beta of -0.22. The company has a quick ratio of 1.24, a current ratio of 1.74 and a debt-to-equity ratio of 11.35. The stock’s 50 day moving average price is C$11.32 and its two-hundred day moving average price is C$9.55.

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. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%.The company had revenue of C$355.58 million during the quarter. Equities research analysts expect that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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