Athabasca Oil (TSE:ATH) Insider Purchases C$408,972.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 39,400 shares of Athabasca Oil stock in a transaction dated Tuesday, July 28th. The shares were purchased at an average cost of C$10.38 per share, for a total transaction of C$408,972.00. Following the transaction, the insider owned 870,700 shares in the company, valued at approximately C$9,037,866. This trade represents a 4.74% increase in their position.

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

• On Monday, July 20th, Athabasca Oil Corporation acquired 38,100 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.73 per share, for a total transaction of C$408,813.00.
• On Tuesday, July 21st, Athabasca Oil Corporation acquired 38,900 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.79 per share, with a total value of C$419,731.00.
• On Wednesday, July 22nd, Athabasca Oil Corporation bought 37,500 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.85 per share, with a total value of C$406,875.00.
• On Thursday, July 23rd, Athabasca Oil Corporation purchased 37,300 shares of Athabasca Oil stock. The shares were acquired at an average price of C$11.25 per share, with a total value of C$419,625.00.
• On Friday, July 24th, Athabasca Oil Corporation acquired 36,800 shares of Athabasca Oil stock. The shares were acquired at an average cost 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 stock was bought at an average price of C$10.56 per share, for a total transaction of C$417,120.00.
• On Wednesday, July 29th, Athabasca Oil Corporation bought 39,900 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.47 per share, for a total transaction of C$417,753.00.
• On Thursday, July 30th, Athabasca Oil Corporation purchased 39,500 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.45 per share, with a total value of C$412,775.00.
• On Friday, July 31st, Athabasca Oil Corporation purchased 43,500 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.41 per share, for a total transaction of C$452,835.00.
• On Tuesday, June 23rd, Athabasca Oil Corporation acquired 47,300 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.77 per share, for a total transaction of C$509,421.00.

Athabasca Oil Stock Performance

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

Athabasca Oil (TSE:ATH) last announced its 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 return on equity of 12.57% and a net margin of 17.68%.The company had revenue of C$306.54 million for the quarter. Equities research analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on ATH shares. Desjardins set a C$12.50 price objective on shares of Athabasca Oil and gave the company a “hold” rating in a research note on Friday, July 17th. Jefferies Financial Group set a C$14.00 price target on shares of Athabasca Oil and gave the company a “buy” rating in a research report on Thursday, June 4th. 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 analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target 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.