Athabasca Oil Corp (TSE:ATH) Director Anne Downey acquired 12,300 shares of the company’s stock in a transaction dated Tuesday, June 19th. The stock was acquired at an average cost of C$1.59 per share, with a total value of C$19,557.00.
Athabasca Oil stock traded down C$0.11 during midday trading on Thursday, reaching C$1.59. 2,403,563 shares of the stock traded hands, compared to its average volume of 2,076,358. Athabasca Oil Corp has a 12 month low of C$0.85 and a 12 month high of C$1.98.
Athabasca Oil (TSE:ATH) last announced its quarterly earnings results on Wednesday, May 9th. The oil and gas exploration company reported C($0.18) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.14). Athabasca Oil had a net margin of 2.90% and a return on equity of 1.19%. The firm had revenue of C$198.41 million for the quarter.
A number of equities analysts have recently weighed in on the company. TD Securities dropped their price objective on Athabasca Oil from C$1.90 to C$1.85 and set a “buy” rating for the company in a research note on Thursday, March 8th. Royal Bank of Canada upped their price objective on Athabasca Oil from C$2.00 to C$2.50 and gave the stock an “outperform” rating in a research note on Thursday, May 10th. Raymond James upped their price objective on Athabasca Oil from C$2.00 to C$2.50 in a research note on Tuesday, May 22nd. GMP Securities increased their price target on Athabasca Oil from C$1.65 to C$2.25 in a research note on Tuesday, May 15th. Finally, BMO Capital Markets increased their price target on Athabasca Oil from C$1.60 to C$2.25 and gave the company a “market perform” rating in a research note on Thursday, May 10th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$2.23.
Athabasca Oil Company Profile
Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Hangingstone asset in northeastern Alberta.
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