Insider Buying: Athabasca Oil (TSE:ATH) Insider Purchases C$517,697.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 44,900 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average cost of C$11.53 per share, with a total value of C$517,697.00. Following the acquisition, the insider owned 819,400 shares in the company, valued at approximately C$9,447,682. This represents a 5.80% increase in their ownership of the stock.

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

• On Wednesday, May 27th, Athabasca Oil Corporation purchased 45,400 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$11.09 per share, with a total value of C$503,486.00.
• On Thursday, May 28th, Athabasca Oil Corporation purchased 45,700 shares of Athabasca Oil stock. The stock was purchased at an average cost 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 stock was purchased at an average price of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Stock Performance

Shares of TSE ATH opened at C$11.84 on Thursday. The business has a fifty day simple moving average of C$11.27 and a 200 day simple moving average of C$9.07. The company has a current ratio of 1.74, a quick ratio of 1.24 and a debt-to-equity ratio of 11.35. The firm has a market capitalization of C$5.73 billion, a price-to-earnings ratio of 26.31, a PEG ratio of -0.51 and a beta of 0.12. Athabasca Oil Co. has a one year low of C$5.22 and a one year high of C$12.86.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ATH. TD Securities upped their target price on Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, March 6th. National Bank Financial upped their target price on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and upped their target price for the company from C$8.00 to C$13.00 in a research note on Monday, March 30th. Finally, Royal Bank Of Canada upped 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 note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.