Insider Buying: Athabasca Oil (TSE:ATH) Insider Buys 46,400 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 46,400 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average price of C$10.78 per share, for a total transaction of C$500,192.00. Following the completion of the purchase, the insider directly owned 759,900 shares in the company, valued at C$8,191,722. This trade represents a 6.50% increase in their position.

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

• On Wednesday, August 19th, Athabasca Oil Corporation acquired 46,200 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.82 per share, with a total value of C$499,884.00.
• On Thursday, August 20th, Athabasca Oil Corporation purchased 45,500 shares of Athabasca Oil stock. The stock was bought at an average price of C$11.02 per share, with a total value of C$501,410.00.
• On Friday, August 21st, Athabasca Oil Corporation purchased 45,300 shares of Athabasca Oil stock. The shares were bought at an average price of C$11.06 per share, for a total transaction of C$501,018.00.
• On Tuesday, August 25th, Athabasca Oil Corporation purchased 47,600 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.54 per share, with a total value of C$501,704.00.
• On Wednesday, August 26th, Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.66 per share, for a total transaction of C$499,954.00.
• On Thursday, August 27th, Athabasca Oil Corporation bought 43,800 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.80 per share, with a total value of C$473,040.00.
• On Friday, August 28th, Athabasca Oil Corporation acquired 49,100 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.67 per share, with a total value of C$523,897.00.
• On Monday, August 31st, Athabasca Oil Corporation acquired 46,900 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.68 per share, with a total value of C$500,892.00.
• On Monday, July 20th, Athabasca Oil Corporation acquired 38,100 shares of Athabasca Oil stock. The stock was 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 acquired 38,900 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.79 per share, for a total transaction of C$419,731.00.

Athabasca Oil Trading Up 2.2%

Athabasca Oil stock traded up C$0.23 during trading hours on Tuesday, reaching C$10.86. The company had a trading volume of 846,969 shares, compared to its average volume of 2,465,573. The company has a debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24. Athabasca Oil Co. has a 12-month low of C$5.98 and a 12-month high of C$12.86. The firm has a market cap of C$5.23 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of -0.51 and a beta of -0.23. The company has a 50-day moving average price of C$10.52 and a 200 day moving average price of C$10.52.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ATH. Royal Bank Of Canada upped their price target on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the stock a “buy” rating in a report on Thursday, June 4th. Finally, Desjardins set a C$12.50 price objective on shares of Athabasca Oil and gave the company a “hold” rating in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently 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.