Athabasca Oil (TSE:ATH) Insider Buys 48,800 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 48,800 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of C$10.30 per share, for a total transaction of C$502,640.00. Following the transaction, the insider owned 1,070,200 shares of the company’s stock, valued at C$11,023,060. The trade was a 4.78% increase in their position.

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

• On Tuesday, June 23rd, Athabasca Oil Corporation bought 47,300 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.77 per share, for a total transaction of C$509,421.00.
• On Wednesday, June 24th, Athabasca Oil Corporation purchased 49,000 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.30 per share, with a total value of C$504,700.00.
• On Thursday, June 25th, Athabasca Oil Corporation purchased 49,900 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.18 per share, for a total transaction of C$507,982.00.
• On Friday, June 26th, Athabasca Oil Corporation acquired 49,600 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.21 per share, with a total value of C$506,416.00.
• On Monday, June 29th, Athabasca Oil Corporation bought 48,900 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.25 per share, with a total value of C$501,225.00.
• On Tuesday, May 26th, Athabasca Oil Corporation purchased 44,900 shares of Athabasca Oil stock. The stock was purchased at an average price of C$11.53 per share, with a total value of C$517,697.00.
• On Wednesday, May 27th, Athabasca Oil Corporation acquired 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 acquired 45,700 shares of Athabasca Oil stock. The shares were purchased at an average price of C$11.31 per share, for a total transaction 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 cost of C$11.00 per share, for a total transaction of C$515,900.00.

Athabasca Oil Stock Performance

TSE:ATH traded down C$0.18 during mid-day trading on Thursday, hitting C$10.04. The stock had a trading volume of 781,027 shares, compared to its average volume of 2,684,768. Athabasca Oil Co. has a twelve month low of C$5.43 and a twelve month high of C$12.86. The company has a debt-to-equity ratio of 11.35, a quick ratio of 1.24 and a current ratio of 1.74. The stock has a market cap of C$4.86 billion, a price-to-earnings ratio of 22.31, a PEG ratio of -0.51 and a beta of -0.22. The company’s 50 day simple moving average is C$11.36 and its 200 day simple moving average is C$9.52.

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

Wall Street Analyst Weigh In

ATH has been the topic of several research reports. TD Securities upped their price objective on shares of Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a report on Friday, March 6th. Jefferies Financial Group set a C$14.00 target price on shares of Athabasca Oil and gave the stock a “buy” rating in a research note on Thursday, June 4th. Royal Bank Of Canada upped their price target on shares of 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. Raymond James Financial raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and increased their price target for the company from C$8.00 to C$13.00 in a report on Monday, March 30th. Finally, National Bank Financial boosted their price objective on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$10.89.

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.