Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Buys 45,300 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 45,300 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was bought at an average cost of C$11.06 per share, for a total transaction of C$501,018.00. Following the purchase, the insider owned 713,500 shares in the company, valued at C$7,891,310. This represents a 6.78% increase in their ownership of the stock.

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

• On Wednesday, August 19th, Athabasca Oil Corporation bought 46,200 shares of Athabasca Oil stock. The stock was purchased 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 shares were bought at an average price of C$11.02 per share, for a total transaction of C$501,410.00.
• On Monday, August 24th, Athabasca Oil Corporation acquired 46,400 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.78 per share, for a total transaction of C$500,192.00.
• On Tuesday, August 25th, Athabasca Oil Corporation purchased 47,600 shares of Athabasca Oil stock. The shares were acquired 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 bought 46,900 shares of Athabasca Oil stock. The shares were acquired 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 acquired 43,800 shares of Athabasca Oil stock. The stock was 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 purchased 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 bought 46,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.68 per share, for a total transaction 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 bought 38,900 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.79 per share, with a total value of C$419,731.00.

Athabasca Oil Stock Up 2.2%

Shares of ATH stock traded up C$0.23 on Tuesday, hitting C$10.86. 846,969 shares of the stock were exchanged, compared to its average volume of 2,465,573. Athabasca Oil Co. has a fifty-two week low of C$5.98 and a fifty-two week 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. The business has a 50-day moving average of C$10.52 and a 200 day moving average of C$10.52. The firm has a market capitalization of C$5.23 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of -0.51 and a beta of -0.23.

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 (EPS) for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The firm had revenue of C$306.54 million for the quarter. Equities analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Analyst Upgrades and Downgrades

ATH has been the subject of a number of research reports. Royal Bank Of Canada lifted their target price on 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. Desjardins set a C$12.50 price objective on shares of Athabasca Oil and gave the stock a “hold” rating in a research report on Friday, July 17th. Finally, Jefferies Financial Group set a C$14.00 price target on shares of Athabasca Oil and gave the stock 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 given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.