Insider Selling: Athabasca Oil Co. (TSE:ATH) Senior Officer Sells C$130,340.00 in Stock

Athabasca Oil Co. (TSE:ATH) Senior Officer Michael S. J. Wojcichowsky sold 24,500 shares of the stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of C$5.32, for a total transaction of C$130,340.00.

Athabasca Oil Stock Performance

TSE:ATH opened at C$5.23 on Friday. The firm has a market capitalization of C$2.97 billion, a PE ratio of -58.11, a PEG ratio of -0.51 and a beta of 2.19. Athabasca Oil Co. has a 1 year low of C$2.54 and a 1 year high of C$5.48. The company has a current ratio of 2.70, a quick ratio of 1.24 and a debt-to-equity ratio of 11.72. The firm’s fifty day simple moving average is C$4.76 and its 200 day simple moving average is C$4.30.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share (EPS) for the quarter. Athabasca Oil had a negative return on equity of 3.11% and a negative net margin of 4.29%. The company had revenue of C$315.93 million for the quarter. On average, sell-side analysts anticipate that Athabasca Oil Co. will post 0.4798903 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ATH shares. Royal Bank of Canada lowered shares of Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 price target on the stock. in a research note on Tuesday. Desjardins boosted their price target on Athabasca Oil from C$5.50 to C$5.75 and gave the stock a “buy” rating in a research report on Friday, March 22nd. ATB Capital raised their price target on Athabasca Oil from C$5.50 to C$6.00 and gave the company an “outperform” rating in a report on Wednesday, March 20th. Stifel Nicolaus upped their price objective on shares of Athabasca Oil from C$5.00 to C$5.75 and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, BMO Capital Markets lowered their target price on shares of Athabasca Oil from C$4.75 to C$4.50 and set a “market perform” rating on the stock in a research note on Thursday, December 7th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$5.67.

About Athabasca Oil

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.