Athabasca Oil (TSE:ATH) Issues Earnings Results

Athabasca Oil (TSE:ATH) posted its earnings results on Thursday. The oil and gas exploration company reported C$0.13 earnings per share (EPS) for the quarter, FiscalAI reports. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%.The firm had revenue of C$306.54 million for the quarter.

Athabasca Oil Stock Down 2.0%

Shares of TSE:ATH opened at C$10.41 on Friday. Athabasca Oil has a fifty-two week low of C$5.57 and a fifty-two week high of C$12.86. The firm’s 50-day simple moving average is C$10.86 and its 200-day simple moving average is C$10.08. The company has a market cap of C$5.04 billion, a price-to-earnings ratio of 23.13, a PEG ratio of -0.51 and a beta of -0.19. The company has a quick ratio of 1.24, a current ratio of 1.74 and a debt-to-equity ratio of 11.35.

Insider Activity

In other Athabasca Oil news, insider Athabasca Oil Corporation purchased 49,900 shares of Athabasca Oil stock in a transaction dated Thursday, June 25th. The stock was acquired at an average cost of C$10.18 per share, with a total value of C$507,982.00. Following the acquisition, the insider directly owned 922,900 shares of the company’s stock, valued at C$9,395,122. This represents a 5.72% increase in their ownership of the stock. Over the last ninety days, insiders purchased 476,400 shares of company stock worth $5,086,334. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ATH. Desjardins set a C$12.50 price objective on Athabasca Oil and gave the company a “hold” rating in a research note on Friday, July 17th. Royal Bank Of Canada raised 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 report on Friday, May 8th. Finally, Jefferies Financial Group set a C$14.00 price target on Athabasca Oil and gave the company a “buy” rating in a research note on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$11.50.

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.