Athabasca Oil Co. (TSE:ATH) Senior Officer Sells 646,400 Shares of Stock
Athabasca Oil Co. (TSE:ATH – Get Rating) Senior Officer Robert Anthony Broen sold 646,400 shares of Athabasca Oil stock in a transaction on Friday, June 10th. The stock was sold at an average price of C$3.10, for a total transaction of C$2,003,840.00. Following the sale, the insider now directly owns 4,875,900 shares of the company’s stock, valued at C$15,115,290.
Athabasca Oil stock traded down C$0.09 during mid-day trading on Friday, hitting C$3.18. The company’s stock had a trading volume of 7,921,561 shares, compared to its average volume of 7,587,337. The company has a debt-to-equity ratio of 40.16, a current ratio of 0.89 and a quick ratio of 0.74. The stock has a market cap of C$1.69 billion and a price-to-earnings ratio of 4.92. The business has a 50 day moving average price of C$2.50 and a 200-day moving average price of C$1.88. Athabasca Oil Co. has a 12 month low of C$0.65 and a 12 month high of C$3.44.
Athabasca Oil (TSE:ATH – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The oil and gas exploration company reported C($0.23) earnings per share for the quarter. The business had revenue of C$389.42 million for the quarter. On average, equities research analysts expect that Athabasca Oil Co. will post 0.4946519 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on ATH shares. BMO Capital Markets lifted their price objective on shares of Athabasca Oil from C$2.50 to C$3.00 in a report on Wednesday, May 4th. Royal Bank of Canada lifted 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 report on Wednesday, May 4th.
About Athabasca Oil (Get Rating)
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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