Insider Buying: Athabasca Oil (TSE:ATH) Insider Acquires 48,900 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 48,900 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were purchased at an average cost of C$10.25 per share, with a total value of C$501,225.00. Following the transaction, the insider directly owned 1,021,400 shares of the company’s stock, valued at C$10,469,350. The trade was a 5.03% increase in their ownership of the stock.

Athabasca Oil Corporation also recently made the following trade(s):

• On Tuesday, June 23rd, Athabasca Oil Corporation bought 47,300 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.77 per share, with a total value of C$509,421.00.
• On Wednesday, June 24th, Athabasca Oil Corporation purchased 49,000 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.30 per share, for a total transaction of C$504,700.00.
• On Thursday, June 25th, Athabasca Oil Corporation purchased 49,900 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.18 per share, for a total transaction of C$507,982.00.
• On Friday, June 26th, Athabasca Oil Corporation acquired 49,600 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.21 per share, with a total value of C$506,416.00.
• On Tuesday, June 30th, Athabasca Oil Corporation acquired 48,800 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.30 per share, with a total value of C$502,640.00.
• On Tuesday, May 26th, Athabasca Oil Corporation bought 44,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$11.53 per share, for a total transaction of C$517,697.00.
• On Wednesday, May 27th, Athabasca Oil Corporation bought 45,400 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$11.09 per share, for a total transaction of C$503,486.00.
• On Thursday, May 28th, Athabasca Oil Corporation purchased 45,700 shares of Athabasca Oil stock. The stock was acquired at an average price of C$11.31 per share, with a total value of C$516,867.00.
• On Friday, May 29th, Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Stock Down 1.8%

Shares of ATH stock traded down C$0.18 during trading hours on Thursday, reaching C$10.04. 781,027 shares of the company’s stock were exchanged, compared to its average volume of 2,684,768. The stock has a market cap of C$4.86 billion, a PE ratio of 22.31, a PEG ratio of -0.51 and a beta of -0.22. The company has a current ratio of 1.74, a quick ratio of 1.24 and a debt-to-equity ratio of 11.35. The stock’s fifty day moving average price is C$11.36 and its two-hundred day moving average price is C$9.52. Athabasca Oil Co. has a 1 year low of C$5.43 and a 1 year high of C$12.86.

Athabasca Oil (TSE:ATH) last released its earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. Athabasca Oil had a net margin of 16.25% and a return on equity of 12.23%. The company had revenue of C$355.58 million for the quarter. Research analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the stock a “buy” rating in a research note on Thursday, June 4th. Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and upped their target price for the company from C$8.00 to C$13.00 in a research report on Monday, March 30th. National Bank Financial increased their price target on shares of Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Royal Bank Of Canada raised their price target on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Finally, TD Securities upped their price objective on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, March 6th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$10.89.

About Athabasca Oil

Athabasca Oil Corp is an energy company. It is focused on the exploration, development, and production of light oil and liquids-rich natural gas. The company organizes its business under two operational segments, Light Oil and Thermal Oil. It generates maximum revenue from the Thermal Oil segment. Thermal Oil includes the exploration, development, and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta.