Athabasca Oil (TSE:ATH) Insider Purchases C$499,884.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 46,200 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were acquired at an average cost of C$10.82 per share, with a total value of C$499,884.00. Following the completion of the transaction, the insider owned 622,700 shares of the company’s stock, valued at C$6,737,614. This represents a 8.01% increase in their ownership of the stock.

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

• On Thursday, August 20th, Athabasca Oil Corporation purchased 45,500 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$11.02 per share, for a total transaction 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, with a total value of C$501,018.00.
• On Monday, August 24th, Athabasca Oil Corporation purchased 46,400 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.78 per share, with a total value of C$500,192.00.
• On Tuesday, August 25th, Athabasca Oil Corporation acquired 47,600 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.54 per share, with a total value of C$501,704.00.
• On Wednesday, August 26th, Athabasca Oil Corporation acquired 46,900 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.66 per share, with a total value 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 cost of C$10.80 per share, for a total transaction of C$473,040.00.
• On Friday, August 28th, Athabasca Oil Corporation purchased 49,100 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.67 per share, with a total value of C$523,897.00.
• On Monday, August 31st, Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.68 per share, with a total value of C$500,892.00.
• On Monday, July 20th, Athabasca Oil Corporation purchased 38,100 shares of Athabasca Oil stock. The stock was bought at an average cost 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 price of C$10.79 per share, for a total transaction of C$419,731.00.

Athabasca Oil Price Performance

ATH opened at C$10.79 on Friday. The company has a debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24. The company has a market capitalization of C$5.19 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of -0.51 and a beta of -0.23. The firm’s fifty day moving average price is C$10.56 and its two-hundred day moving average price is C$10.57. Athabasca Oil Co. has a 1 year low of C$5.98 and a 1 year high of C$12.86.

Athabasca Oil (TSE:ATH) last posted its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share (EPS) for the quarter. The firm 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%. As a group, analysts anticipate that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on ATH. Jefferies Financial Group set a C$14.00 price objective on shares of Athabasca Oil and gave the company a “buy” rating in a research note on Thursday, June 4th. Royal Bank Of Canada upped their target price on Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a report on Friday, May 8th. Finally, Desjardins set a C$12.50 price target on Athabasca Oil and gave the stock a “hold” rating in a report on Friday, July 17th. Three 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.com, Athabasca Oil presently has a consensus rating of “Hold” and a consensus price target of C$11.50.

About Athabasca Oil

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol ‘ATH’.