Athabasca Oil Co. (TSE:ATH) Senior Officer Michael S. J. Wojcichowsky Sells 24,500 Shares

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

Athabasca Oil Trading Down 4.9 %

Shares of TSE ATH traded down C$0.27 during midday trading on Tuesday, reaching C$5.19. 4,944,587 shares of the stock were exchanged, compared to its average volume of 3,163,004. The company has a 50 day simple moving average of C$4.71 and a 200 day simple moving average of C$4.28. The stock has a market capitalization of C$2.94 billion, a P/E ratio of -58.11, a PEG ratio of -0.51 and a beta of 2.19. The company has a debt-to-equity ratio of 11.72, a quick ratio of 1.24 and a current ratio of 2.70. Athabasca Oil Co. has a twelve month low of C$2.54 and a twelve month high of C$5.48.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings data on Thursday, February 29th. The oil and gas exploration company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$315.93 million during the quarter. Athabasca Oil had a negative net margin of 4.29% and a negative return on equity of 3.11%. As a group, equities analysts expect that Athabasca Oil Co. will post 0.4798903 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Athabasca Oil from C$5.00 to C$5.75 and gave the company a “buy” rating in a research note on Monday, March 4th. Desjardins raised their price target on shares of Athabasca Oil from C$5.50 to C$5.75 and gave the company a “buy” rating in a research note on Friday. TD Securities lowered shares of Athabasca Oil from a “buy” rating to a “hold” rating and set a C$6.00 price target on the stock. in a research note on Tuesday, March 12th. Royal Bank of Canada downgraded shares of Athabasca Oil from an “outperform” rating to a “sector perform” rating and set a C$6.00 price objective for the company. in a report on Tuesday. Finally, BMO Capital Markets cut their price objective on shares of Athabasca Oil from C$4.75 to C$4.50 and set a “market perform” rating for the company in a report on Thursday, December 7th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.