Insider Buying: Athabasca Oil (TSE:ATH) Insider Purchases C$503,486.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 45,400 shares of the stock in a transaction dated Wednesday, May 27th. The shares were bought at an average price of C$11.09 per share, with a total value of C$503,486.00. Following the completion of the purchase, the insider directly owned 864,800 shares of the company’s stock, valued at approximately C$9,590,632. This trade represents a 5.54% increase in their position.

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

• On Tuesday, May 26th, Athabasca Oil Corporation acquired 44,900 shares of Athabasca Oil stock. The shares were bought at an average price of C$11.53 per share, with a total value of C$517,697.00.
• On Thursday, May 28th, Athabasca Oil Corporation bought 45,700 shares of Athabasca Oil stock. The shares were acquired at an average price of C$11.31 per share, with a total value of C$516,867.00.
• On Friday, May 29th, Athabasca Oil Corporation bought 46,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Trading Up 3.1%

TSE ATH opened at C$11.84 on Thursday. The company has a market capitalization of C$5.73 billion, a PE ratio of 26.31, a P/E/G ratio of -0.51 and a beta of 0.12. The company has a fifty day moving average of C$11.27 and a 200 day moving average of C$9.07. Athabasca Oil Co. has a 1 year low of C$5.22 and a 1 year high of C$12.86. The company has a debt-to-equity ratio of 11.35, a current ratio of 1.74 and a quick ratio of 1.24.

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

Wall Street Analysts Forecast Growth

ATH has been the subject of a number of analyst reports. National Bank Financial upped their price objective on shares of Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada upped their price objective on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Raymond James Financial upgraded shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$8.00 to C$13.00 in a research report on Monday, March 30th. Finally, TD Securities upped their price objective on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Athabasca Oil currently has a consensus rating of “Hold” and an average price target 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.