Insider Buying: Athabasca Oil (TSE:ATH) Insider Buys C$501,410.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 45,500 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was acquired at an average cost of C$11.02 per share, with a total value of C$501,410.00. Following the transaction, the insider directly owned 668,200 shares in the company, valued at C$7,363,564. This trade represents a 7.31% 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 bought at an average cost of C$10.82 per share, for a total transaction of C$499,884.00.
• On Friday, August 21st, Athabasca Oil Corporation acquired 45,300 shares of Athabasca Oil stock. The stock was bought at an average price 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 price of C$10.78 per share, with a total value of C$500,192.00.
• On Tuesday, August 25th, Athabasca Oil Corporation bought 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 Wednesday, August 26th, Athabasca Oil Corporation bought 46,900 shares of Athabasca Oil stock. The shares were bought at an average cost 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 shares were bought 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 purchased 49,100 shares of Athabasca Oil stock. The stock was bought at an average cost 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 bought at an average cost 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 stock was bought 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 acquired 38,900 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.79 per share, with a total value of C$419,731.00.

Athabasca Oil Stock Down 1.0%

ATH stock opened at C$10.79 on Friday. The company’s 50 day moving average price is C$10.56 and its 200 day moving average price is C$10.57. The company has a debt-to-equity ratio of 10.95, a quick ratio of 1.24 and a current ratio of 1.90. Athabasca Oil Co. has a fifty-two week low of C$5.98 and a fifty-two week high of C$12.86. The firm has a market capitalization of C$5.19 billion, a price-to-earnings ratio of 22.96, a PEG 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 (EPS) 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. On average, equities research analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. 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. Desjardins set a C$12.50 price target on Athabasca Oil and gave the stock a “hold” rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada upped their price objective on 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. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$11.50.

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’.