Insider Buying: Athabasca Oil (TSE:ATH) Insider Acquires C$500,892.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 46,900 shares of Athabasca Oil stock in a transaction on Monday, August 31st. The stock was purchased at an average price of C$10.68 per share, with a total value of C$500,892.00. Following the transaction, the insider directly owned 994,200 shares in the company, valued at approximately C$10,618,056. This trade represents a 4.95% 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 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 bought 45,300 shares of Athabasca Oil stock. The stock was purchased 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 bought 46,400 shares of Athabasca Oil stock. The stock was purchased 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 stock was purchased 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 purchased 46,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.66 per share, for a total transaction of C$499,954.00.
• On Thursday, August 27th, Athabasca Oil Corporation purchased 43,800 shares of Athabasca Oil stock. The stock was acquired 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 acquired 49,100 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.67 per share, with a total value of C$523,897.00.
• On Monday, July 20th, Athabasca Oil Corporation acquired 38,100 shares of Athabasca Oil stock. The shares were acquired 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 bought 38,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.79 per share, for a total transaction of C$419,731.00.

Athabasca Oil Price Performance

Shares of Athabasca Oil stock opened at C$10.79 on Friday. The firm has a market cap of C$5.19 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of -0.51 and a beta of -0.23. The firm’s 50-day simple moving average is C$10.56 and its 200-day simple moving average is C$10.57. Athabasca Oil Co. has a twelve month low of C$5.98 and a twelve month 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 posted 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. 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, research analysts expect that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on ATH. Royal Bank Of Canada raised their target price on 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 target on Athabasca Oil and gave the company 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 research note on Friday, July 17th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Athabasca Oil presently has an average rating of “Hold” and an average 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’.