Athabasca Oil (TSE:ATH) Trading Down 3%

Athabasca Oil Co. (TSE:ATHGet Rating)’s stock price traded down 3% during trading on Friday . The stock traded as low as C$2.85 and last traded at C$2.87. 2,397,078 shares were traded during mid-day trading, a decline of 69% from the average session volume of 7,654,017 shares. The stock had previously closed at C$2.96.

ATH has been the subject of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of Athabasca Oil from C$2.50 to C$3.25 and gave the stock a “sector perform” rating in a research report on Wednesday, May 4th. BMO Capital Markets upped their price objective on shares of Athabasca Oil from C$2.50 to C$3.00 in a research report on Wednesday, May 4th.

The firm has a market cap of C$1.57 billion and a price-to-earnings ratio of 4.58. The business’s 50-day simple moving average is C$2.59 and its two-hundred day simple moving average is C$1.93. The company has a current ratio of 0.89, a quick ratio of 0.74 and a debt-to-equity ratio of 40.16.

Athabasca Oil (TSE:ATHGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The oil and gas exploration company reported C($0.23) EPS for the quarter. The firm had revenue of C$389.42 million for the quarter. On average, analysts forecast that Athabasca Oil Co. will post 0.49 earnings per share for the current fiscal year.

In related news, Senior Officer Robert Anthony Broen sold 646,400 shares of the stock in a transaction on Friday, June 10th. The stock was sold at an average price of C$3.10, for a total value of C$2,003,840.00. Following the transaction, the insider now directly owns 4,875,900 shares in the company, valued at approximately C$15,115,290. Also, Senior Officer Karla Dawn Ingoldsby sold 36,400 shares of the stock in a transaction on Friday, March 25th. The stock was sold at an average price of C$2.29, for a total value of C$83,356.00. Following the completion of the transaction, the insider now owns 697,700 shares in the company, valued at C$1,597,733. In the last ninety days, insiders have sold 945,700 shares of company stock valued at $2,894,299.

Athabasca Oil Company Profile (TSE:ATH)

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 through Thermal Oil and Light Oil segments. Its principal properties are in the Greater Placid and Greater Kaybob areas near the Town of Fox Creek in northwestern Alberta; and the Leismer and Hangingstone projects located in the Athabasca region of northeastern Alberta.

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