Athabasca Oil (TSE:ATH) Insider Purchases C$419,731.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 38,900 shares of the stock in a transaction dated Tuesday, July 21st. The stock was purchased at an average price of C$10.79 per share, with a total value of C$419,731.00. Following the purchase, the insider owned 680,200 shares in the company, valued at C$7,339,358. This trade represents a 6.07% increase in their ownership of the stock.

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

• On Monday, July 20th, Athabasca Oil Corporation purchased 38,100 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.73 per share, for a total transaction of C$408,813.00.
• On Wednesday, July 22nd, Athabasca Oil Corporation purchased 37,500 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.85 per share, for a total transaction of C$406,875.00.
• On Thursday, July 23rd, Athabasca Oil Corporation purchased 37,300 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$11.25 per share, for a total transaction of C$419,625.00.
• On Friday, July 24th, Athabasca Oil Corporation acquired 36,800 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.99 per share, with a total value of C$404,432.00.
• On Monday, July 27th, Athabasca Oil Corporation acquired 39,500 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.56 per share, with a total value of C$417,120.00.
• On Tuesday, July 28th, Athabasca Oil Corporation bought 39,400 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.38 per share, for a total transaction of C$408,972.00.
• On Wednesday, July 29th, Athabasca Oil Corporation bought 39,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.47 per share, for a total transaction of C$417,753.00.
• On Thursday, July 30th, Athabasca Oil Corporation bought 39,500 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.45 per share, for a total transaction of C$412,775.00.
• On Friday, July 31st, Athabasca Oil Corporation purchased 43,500 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.41 per share, with a total value of C$452,835.00.
• On Tuesday, June 23rd, Athabasca Oil Corporation purchased 47,300 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.77 per share, with a total value of C$509,421.00.

Athabasca Oil Trading Up 3.2%

Shares of TSE ATH opened at C$9.92 on Friday. Athabasca Oil Co. has a 1 year low of C$5.57 and a 1 year high of C$12.86. The company has a debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24. The firm has a 50-day moving average of C$10.72 and a 200 day moving average of C$10.19. The stock has a market cap of C$4.77 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of -0.51 and a beta of -0.23.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The business had revenue of C$306.54 million for the quarter. As a group, sell-side analysts expect that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ATH has been the subject of a number of analyst reports. Jefferies Financial Group set a C$14.00 price objective on Athabasca Oil and gave the company a “buy” rating in a research report on Thursday, June 4th. 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. Finally, Royal Bank Of Canada increased their target price on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$11.50.

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.