Athabasca Oil (TSE:ATH) Insider Purchases 47,600 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 47,600 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was bought at an average cost of C$10.54 per share, for a total transaction of C$501,704.00. Following the purchase, the insider owned 807,500 shares of the company’s stock, valued at approximately C$8,511,050. This represents a 6.26% 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 bought at an average cost of C$10.82 per share, with a total value of C$499,884.00.
• On Thursday, August 20th, Athabasca Oil Corporation acquired 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 Friday, August 21st, Athabasca Oil Corporation acquired 45,300 shares of Athabasca Oil stock. The stock was bought at an average cost of C$11.06 per share, for a total transaction of C$501,018.00.
• On Monday, August 24th, Athabasca Oil Corporation bought 46,400 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.78 per share, with a total value of C$500,192.00.
• On Wednesday, August 26th, Athabasca Oil Corporation bought 46,900 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.66 per share, with a total value of C$499,954.00.
• On Thursday, August 27th, Athabasca Oil Corporation purchased 43,800 shares of Athabasca Oil stock. The stock was purchased 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 purchased 49,100 shares of Athabasca Oil stock. The stock was purchased 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 purchased 46,900 shares of Athabasca Oil stock. The stock was purchased 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 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 bought 38,900 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.79 per share, for a total transaction of C$419,731.00.

Athabasca Oil Stock Up 2.2%

TSE ATH traded up C$0.23 during trading on Tuesday, hitting C$10.86. The stock had a trading volume of 846,969 shares, compared to its average volume of 2,465,573. Athabasca Oil Co. has a 12 month low of C$5.98 and a 12 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. The company’s 50-day moving average price is C$10.52 and its two-hundred day moving average price is C$10.52. The company has a market capitalization of C$5.23 billion, a PE ratio of 23.11, a P/E/G 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 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 during the quarter. As a group, sell-side analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Desjardins set a C$12.50 price target on shares of Athabasca Oil and gave the stock a “hold” rating in a research report on Friday, July 17th. Jefferies Financial Group set a C$14.00 price objective on Athabasca Oil and gave the company a “buy” rating in a report on Thursday, June 4th. Finally, Royal Bank Of Canada lifted their target price on 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. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Athabasca Oil presently has a consensus rating of “Hold” and an average target price 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.