Athabasca Oil (TSE:ATH) Insider Buys C$417,753.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 39,900 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was purchased at an average cost of C$10.47 per share, for a total transaction of C$417,753.00. Following the completion of the transaction, the insider owned 910,600 shares in the company, valued at approximately C$9,533,982. The trade was a 4.58% increase in their position.

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

• On Monday, July 20th, Athabasca Oil Corporation acquired 38,100 shares of Athabasca Oil stock. The shares were purchased 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 purchased at an average price of C$10.79 per share, with a total value of C$419,731.00.
• On Wednesday, July 22nd, Athabasca Oil Corporation bought 37,500 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.85 per share, for a total transaction of C$406,875.00.
• On Thursday, July 23rd, Athabasca Oil Corporation bought 37,300 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$11.25 per share, for a total transaction of C$419,625.00.
• On Friday, July 24th, Athabasca Oil Corporation purchased 36,800 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.99 per share, with a total value of C$404,432.00.
• On Monday, July 27th, Athabasca Oil Corporation purchased 39,500 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.56 per share, with a total value of C$417,120.00.
• On Tuesday, July 28th, Athabasca Oil Corporation acquired 39,400 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.38 per share, with a total value of C$408,972.00.
• On Thursday, July 30th, Athabasca Oil Corporation acquired 39,500 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.45 per share, for a total transaction of C$412,775.00.
• On Friday, July 31st, Athabasca Oil Corporation bought 43,500 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.41 per share, for a total transaction of C$452,835.00.
• On Tuesday, June 23rd, Athabasca Oil Corporation bought 47,300 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.77 per share, with a total value of C$509,421.00.

Athabasca Oil Stock Performance

Shares of ATH opened at C$9.92 on Friday. The stock has a 50 day moving average price of C$10.72 and a 200 day moving average price of C$10.19. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 10.95. The company has a market capitalization of C$4.77 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of -0.51 and a beta of -0.23. Athabasca Oil Co. has a 52-week low of C$5.57 and a 52-week high of C$12.86.

Athabasca Oil (TSE:ATH) last released its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The company had revenue of C$306.54 million for the quarter. Research analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ATH. Royal Bank Of Canada boosted their price target on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Desjardins set a C$12.50 target price on 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 target price on Athabasca Oil and gave the company a “buy” rating in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$11.50.

Athabasca Oil Company Profile

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.