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.
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.
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