Insider Buying: Athabasca Oil (TSE:ATH) Insider Purchases 48,700 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 48,700 shares of the business’s stock in a transaction dated Tuesday, September 29th. The shares were acquired at an average price of C$10.28 per share, for a total transaction of C$500,636.00. Following the acquisition, the insider directly owned 985,700 shares in the company, valued at C$10,132,996. This represents a 5.20% increase in their ownership of the stock.

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

• On Monday, September 21st, Athabasca Oil Corporation purchased 49,400 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.08 per share, for a total transaction of C$497,952.00.
• On Tuesday, September 22nd, Athabasca Oil Corporation purchased 49,500 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.14 per share, with a total value of C$501,930.00.
• On Wednesday, September 23rd, Athabasca Oil Corporation acquired 49,400 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.10 per share, with a total value of C$498,940.00.
• On Thursday, September 24th, Athabasca Oil Corporation acquired 49,200 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.20 per share, for a total transaction of C$501,840.00.
• On Friday, September 25th, Athabasca Oil Corporation bought 48,600 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.23 per share, with a total value of C$497,178.00.
• On Monday, September 28th, Athabasca Oil Corporation purchased 47,700 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.45 per share, for a total transaction of C$498,465.00.
• On Wednesday, August 19th, Athabasca Oil Corporation purchased 46,200 shares of Athabasca Oil stock. The stock was purchased at an average price 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, with a total value of C$501,410.00.
• On Friday, August 21st, Athabasca Oil Corporation purchased 45,300 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$11.06 per share, with a total value of C$501,018.00.
• On Monday, August 24th, Athabasca Oil Corporation acquired 46,400 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.78 per share, for a total transaction of C$500,192.00.

Athabasca Oil Stock Up 0.6%

ATH traded up C$0.06 during trading hours on Thursday, hitting C$10.45. 1,131,948 shares of the company’s stock were exchanged, compared to its average volume of 2,449,784. Athabasca Oil Co. has a 1-year low of C$6.11 and a 1-year high of C$12.86. The stock’s 50-day moving average is C$10.60 and its two-hundred day moving average is C$10.81. The stock has a market cap of C$5.03 billion, a price-to-earnings ratio of 22.23, a PEG ratio of -0.51 and a beta of -0.17. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 10.95.

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 (EPS) for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The firm had revenue of C$306.54 million for the quarter. Sell-side analysts predict that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on ATH shares. Desjardins set a C$12.50 target price on Athabasca Oil and gave the stock a “hold” rating in a report on Friday, July 17th. Royal Bank Of Canada set a C$12.00 price target on Athabasca Oil and gave the stock a “sector perform” rating in a research report on Thursday, September 10th. Jefferies Financial Group set a C$14.00 price objective on Athabasca Oil and gave the stock a “buy” rating in a research note on Thursday, June 4th. Finally, BMO Capital Markets cut shares of Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 target price for the company. in a research note on Wednesday, September 16th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$11.56.

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’.