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

Athabasca Oil Co. (TSE:ATHGet Free Report) insider Athabasca Oil Corporation bought 48,800 shares of the stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average cost of C$10.30 per share, with a total value of C$502,640.00. Following the completion of the purchase, the insider directly owned 1,070,200 shares in the company, valued at approximately 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 acquired 47,300 shares of Athabasca Oil stock. The stock was purchased 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 purchased at an average cost of C$10.30 per share, with a total value of C$504,700.00.
  • On Thursday, June 25th, Athabasca Oil Corporation bought 49,900 shares of Athabasca Oil stock. The shares were 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 bought 49,600 shares of Athabasca Oil stock. The stock was 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 bought 48,900 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.25 per share, for a total transaction of C$501,225.00.
  • On Tuesday, May 26th, Athabasca Oil Corporation purchased 44,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$11.53 per share, with a total value of C$517,697.00.
  • On Wednesday, May 27th, Athabasca Oil Corporation purchased 45,400 shares of Athabasca Oil stock. The shares were 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 cost 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 stock was acquired at an average price of C$11.00 per share, for a total transaction of C$515,900.00.

Athabasca Oil Trading Down 1.8%

ATH stock traded down C$0.18 during midday trading on Thursday, reaching C$10.04. The company’s stock had a trading volume of 781,027 shares, 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 stock has a market cap of C$4.86 billion, a PE ratio of 22.31, 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 business’s 50-day simple moving average is C$11.36 and its 200-day simple moving average is C$9.52.

Athabasca Oil (TSE:ATHGet Free Report) last issued its earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 EPS for the quarter. Athabasca Oil had a net margin of 16.25% and a return on equity of 12.23%. The company had revenue of C$355.58 million during the quarter. As a group, sell-side analysts expect that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Wall Street Analysts Forecast Growth

ATH has been the topic of several analyst reports. National Bank Financial increased their target price on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. TD Securities upped their price target on 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. Royal Bank Of Canada increased their price target 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. Raymond James Financial raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and lifted their price objective for the stock from C$8.00 to C$13.00 in a research note on Monday, March 30th. Finally, Jefferies Financial Group set a C$14.00 price objective on shares of Athabasca Oil and gave the company a “buy” rating in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$10.89.

Read Our Latest Stock Analysis on Athabasca Oil

About Athabasca Oil

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Athabasca Oil (TSE:ATH)

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