Insider Buying: Athabasca Oil (TSE:ATH) Insider Acquires C$419,625.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 37,300 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were purchased at an average cost of C$11.25 per share, with a total value of C$419,625.00. Following the completion of the purchase, the insider directly owned 755,000 shares of the company’s stock, valued at C$8,493,750. This trade represents a 5.20% increase in their ownership of the stock.

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

• On Monday, July 20th, Athabasca Oil Corporation bought 38,100 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.73 per share, for a total transaction of C$408,813.00.
• On Tuesday, July 21st, Athabasca Oil Corporation bought 38,900 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.79 per share, for a total transaction of C$419,731.00.
• On Wednesday, July 22nd, Athabasca Oil Corporation bought 37,500 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.85 per share, with a total value of C$406,875.00.
• On Friday, July 24th, Athabasca Oil Corporation purchased 36,800 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.99 per share, with a total value of C$404,432.00.
• On Monday, July 27th, Athabasca Oil Corporation purchased 39,500 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.56 per share, for a total transaction of C$417,120.00.
• On Tuesday, July 28th, Athabasca Oil Corporation purchased 39,400 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.38 per share, for a total transaction of C$408,972.00.
• On Wednesday, July 29th, Athabasca Oil Corporation acquired 39,900 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.47 per share, for a total transaction of C$417,753.00.
• On Thursday, July 30th, Athabasca Oil Corporation acquired 39,500 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.45 per share, with a total value of C$412,775.00.
• On Friday, July 31st, Athabasca Oil Corporation acquired 43,500 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.41 per share, with a total value of C$452,835.00.
• On Tuesday, June 23rd, Athabasca Oil Corporation bought 47,300 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.77 per share, with a total value of C$509,421.00.

Athabasca Oil Trading Up 3.2%

ATH opened at C$9.92 on Friday. The stock has a market cap of C$4.77 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of -0.51 and a beta of -0.23. The stock’s 50 day moving average price is C$10.72 and its 200-day moving average price is C$10.19. Athabasca Oil Co. has a one year low of C$5.57 and a one year high of C$12.86. The company has a debt-to-equity ratio of 10.95, a quick ratio of 1.24 and a current ratio of 1.90.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share for the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%.The firm had revenue of C$306.54 million for the quarter. On average, equities analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ATH shares. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the stock a “buy” rating in a research report on Thursday, June 4th. Royal Bank Of Canada upped 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 report on Friday, May 8th. Finally, Desjardins set a C$12.50 price target on shares of Athabasca Oil and gave the stock a “hold” rating in a research note on Friday, July 17th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.