Insider Buying: Athabasca Oil (TSE:ATH) Insider Acquires C$406,875.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 37,500 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were acquired at an average cost of C$10.85 per share, for a total transaction of C$406,875.00. Following the purchase, the insider directly owned 717,700 shares in the company, valued at C$7,787,045. This represents a 5.51% increase in their ownership of the stock.

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

• On Monday, July 20th, Athabasca Oil Corporation purchased 38,100 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.73 per share, with a total value of C$408,813.00.
• On Tuesday, July 21st, Athabasca Oil Corporation purchased 38,900 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.79 per share, with a total value of C$419,731.00.
• On Thursday, July 23rd, Athabasca Oil Corporation acquired 37,300 shares of Athabasca Oil stock. The shares were bought at an average price of C$11.25 per share, for a total transaction of C$419,625.00.
• On Friday, July 24th, Athabasca Oil Corporation acquired 36,800 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.99 per share, for a total transaction of C$404,432.00.
• On Monday, July 27th, Athabasca Oil Corporation acquired 39,500 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.56 per share, with a total value of C$417,120.00.
• On Tuesday, July 28th, Athabasca Oil Corporation bought 39,400 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.38 per share, with a total value of C$408,972.00.
• On Wednesday, July 29th, Athabasca Oil Corporation bought 39,900 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.47 per share, with a total value of C$417,753.00.
• On Thursday, July 30th, Athabasca Oil Corporation bought 39,500 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.45 per share, for a total transaction of C$412,775.00.
• On Friday, July 31st, Athabasca Oil Corporation bought 43,500 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.41 per share, for a total transaction of C$452,835.00.
• On Tuesday, June 23rd, Athabasca Oil Corporation purchased 47,300 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.77 per share, for a total transaction of C$509,421.00.

Athabasca Oil Trading Up 3.2%

Shares of TSE:ATH opened at C$9.92 on Friday. The company has a 50 day moving average of C$10.72 and a 200-day moving average of C$10.19. The firm has a market cap of C$4.77 billion, a P/E ratio of 21.11, a P/E/G ratio of -0.51 and a beta of -0.23. Athabasca Oil Co. has a twelve month low of C$5.57 and a twelve month high of C$12.86. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share (EPS) for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The business had revenue of C$306.54 million during the quarter. As a group, analysts anticipate that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ATH shares. Desjardins set a C$12.50 price objective on Athabasca Oil and gave the stock a “hold” rating in a research note on Friday, July 17th. Royal Bank Of Canada raised their target price on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Finally, Jefferies Financial Group set a C$14.00 price target on Athabasca Oil and gave the company a “buy” rating in a research report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$11.50.

Athabasca Oil Company Profile

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.