Insider Buying: Athabasca Oil (TSE:ATH) Insider Purchases 45,700 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 45,700 shares of the stock in a transaction dated Thursday, May 28th. The shares were purchased at an average price of C$11.31 per share, for a total transaction of C$516,867.00. Following the purchase, the insider owned 910,500 shares of the company’s stock, valued at C$10,297,755. This trade represents a 5.28% increase in their position.

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

• On Tuesday, May 26th, Athabasca Oil Corporation bought 44,900 shares of Athabasca Oil stock. The shares were purchased at an average price of C$11.53 per share, for a total transaction of C$517,697.00.
• On Wednesday, May 27th, Athabasca Oil Corporation bought 45,400 shares of Athabasca Oil stock. The shares were purchased at an average price of C$11.09 per share, for a total transaction of C$503,486.00.
• On Friday, May 29th, Athabasca Oil Corporation bought 46,900 shares of Athabasca Oil stock. The shares were purchased at an average price of C$11.00 per share, for a total transaction of C$515,900.00.

Athabasca Oil Stock Performance

Shares of TSE ATH traded up C$0.44 during trading hours on Monday, reaching C$11.35. 1,523,019 shares of the stock were exchanged, compared to its average volume of 2,856,215. The firm has a market capitalization of C$5.49 billion, a price-to-earnings ratio of 25.22, a P/E/G ratio of -0.51 and a beta of 0.12. The company has a debt-to-equity ratio of 11.35, a quick ratio of 1.24 and a current ratio of 1.74. Athabasca Oil Co. has a 52 week low of C$5.19 and a 52 week high of C$12.86. The stock’s fifty day simple moving average is C$11.15 and its 200 day simple moving average is C$8.98.

Athabasca Oil (TSE:ATH) last announced its earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. The company had revenue of C$355.58 million for the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%. Sell-side analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. National Bank Financial increased their target price on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. TD Securities raised their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research note on Friday, March 6th. Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from C$8.00 to C$13.00 in a research note on Monday, March 30th. Finally, Royal Bank Of Canada raised their price objective 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. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$10.38.

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.