Athabasca Oil Corp (ATH) Insider David J. Stewart Sells 25,000 Shares of Stock

Athabasca Oil Corp (TSE:ATH) insider David J. Stewart sold 25,000 shares of the company’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of C$1.15, for a total value of C$28,750.00.

TSE:ATH traded down C$0.02 during mid-day trading on Friday, hitting C$1.25. The company had a trading volume of 2,488,964 shares, compared to its average volume of 976,940. Athabasca Oil Corp has a fifty-two week low of C$0.85 and a fifty-two week high of C$1.57.

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Athabasca Oil (TSE:ATH) last released its earnings results on Wednesday, March 7th. The oil and gas exploration company reported C($0.04) earnings per share for the quarter. Athabasca Oil had a net margin of 2.90% and a return on equity of 1.19%. The company had revenue of C$36.23 million during the quarter.

Several equities analysts have recently issued reports on the company. Eight Capital set a C$2.30 price target on Athabasca Oil and gave the company a “buy” rating in a research note on Thursday, January 11th. Barclays upped their price target on Athabasca Oil from C$1.00 to C$1.50 in a research note on Wednesday, January 17th. Raymond James Financial cut their price target on Athabasca Oil from C$1.50 to C$1.25 in a research note on Monday, February 5th. Finally, TD Securities cut their price target on Athabasca Oil from C$1.90 to C$1.85 and set a “buy” rating on the stock in a research note on Thursday, March 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of C$1.76.

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About Athabasca Oil

Athabasca Oil Corporation is a Canada-based energy company, which is focused on the exploration for, and development and production of, light oil and liquids-rich natural gas from regions in northwestern Alberta, Canada, and bitumen from oil sands in the Athabasca region of northeastern Alberta, Canada.

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

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