Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Buys 46,900 Shares

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock in a transaction that occurred on Wednesday, August 26th. The shares were purchased at an average cost of C$10.66 per share, with a total value of C$499,954.00. Following the transaction, the insider directly owned 854,400 shares of the company’s stock, valued at C$9,107,904. This represents a 5.81% increase in their ownership of the stock.

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 acquired 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 bought 45,500 shares of Athabasca Oil stock. The stock was bought 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 purchased 45,300 shares of Athabasca Oil stock. The shares were 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 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 purchased 47,600 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.54 per share, with a total value of C$501,704.00.
• On Thursday, August 27th, Athabasca Oil Corporation bought 43,800 shares of Athabasca Oil stock. The shares were purchased at an average price 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, 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 shares were 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 acquired 38,100 shares of Athabasca Oil stock. The shares were purchased 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 purchased 38,900 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.79 per share, for a total transaction of C$419,731.00.

Athabasca Oil Trading Up 2.2%

Shares of TSE ATH traded up C$0.23 during trading hours on Tuesday, hitting C$10.86. 846,969 shares of the company traded hands, compared to its average volume of 2,465,573. The company’s 50 day moving average price is C$10.52 and its 200 day moving average price is C$10.52. The stock has a market capitalization of C$5.23 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of -0.51 and a beta of -0.23. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95. Athabasca Oil Co. has a 12 month low of C$5.98 and a 12 month high of C$12.86.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on ATH. 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. Desjardins set a C$12.50 target price on shares of Athabasca Oil and gave the stock a “hold” rating in a research note on Friday, July 17th. Finally, Royal Bank Of Canada lifted their price objective 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. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus 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.