Athabasca Oil (TSE:ATH) Insider Acquires C$473,040.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 43,800 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was bought at an average price of C$10.80 per share, for a total transaction of C$473,040.00. Following the purchase, the insider owned 898,200 shares in the company, valued at approximately C$9,700,560. This represents a 5.13% increase in their position.

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

• On Wednesday, August 19th, Athabasca Oil Corporation purchased 46,200 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.82 per share, for a total transaction of C$499,884.00.
• On Thursday, August 20th, Athabasca Oil Corporation acquired 45,500 shares of Athabasca Oil stock. The shares were purchased at an average price of C$11.02 per share, for a total transaction of C$501,410.00.
• On Friday, August 21st, Athabasca Oil Corporation acquired 45,300 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$11.06 per share, with a total value of C$501,018.00.
• On Monday, August 24th, Athabasca Oil Corporation bought 46,400 shares of Athabasca Oil stock. The shares were acquired 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 bought 47,600 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.54 per share, for a total transaction 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 price of C$10.66 per share, for a total transaction of C$499,954.00.
• On Friday, August 28th, Athabasca Oil Corporation bought 49,100 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.67 per share, for a total transaction of C$523,897.00.
• On Monday, August 31st, Athabasca Oil Corporation bought 46,900 shares of Athabasca Oil stock. The stock was bought 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 bought 38,100 shares of Athabasca Oil stock. The shares were 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 purchased 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 Stock Performance

Shares of TSE ATH traded up C$0.23 during mid-day trading on Tuesday, hitting C$10.86. The company had a trading volume of 846,969 shares, compared to its average volume of 2,465,573. Athabasca Oil Co. has a 12 month low of C$5.98 and a 12 month high of C$12.86. The stock has a market cap of C$5.23 billion, a price-to-earnings ratio of 23.11, a PEG ratio of -0.51 and a beta of -0.23. 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 firm’s 50 day simple moving average is C$10.52 and its two-hundred day simple moving average is C$10.52.

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

Analysts Set New Price Targets

ATH has been the subject of several recent analyst reports. Royal Bank Of Canada upped 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 research report on Friday, May 8th. Jefferies Financial Group set a C$14.00 price objective on Athabasca Oil and gave the stock a “buy” rating in a research report on Thursday, June 4th. Finally, Desjardins set a C$12.50 price objective 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$11.50.

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.