Insider Buying: Athabasca Oil (TSE:ATH) Insider Buys C$500,892.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 46,900 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average cost of C$10.68 per share, with a total value of C$500,892.00. Following the completion of the transaction, the insider directly owned 994,200 shares of the company’s stock, valued at C$10,618,056. The trade was a 4.95% increase in their position.

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

• On Wednesday, August 19th, Athabasca Oil Corporation bought 46,200 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.82 per share, for a total transaction of C$499,884.00.
• On Thursday, August 20th, Athabasca Oil Corporation bought 45,500 shares of Athabasca Oil stock. The stock was bought at an average price of C$11.02 per share, for a total transaction of C$501,410.00.
• On Friday, August 21st, Athabasca Oil Corporation bought 45,300 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$11.06 per share, with a total value of C$501,018.00.
• On Monday, August 24th, Athabasca Oil Corporation acquired 46,400 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.78 per share, for a total transaction of C$500,192.00.
• On Tuesday, August 25th, Athabasca Oil Corporation acquired 47,600 shares of Athabasca Oil stock. The stock was acquired 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 acquired 46,900 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.66 per share, for a total transaction of C$499,954.00.
• On Thursday, August 27th, Athabasca Oil Corporation purchased 43,800 shares of Athabasca Oil stock. The stock was purchased at an average cost 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 purchased at an average cost of C$10.67 per share, with a total value of C$523,897.00.
• On Monday, July 20th, Athabasca Oil Corporation purchased 38,100 shares of Athabasca Oil stock. The shares were acquired 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 purchased 38,900 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.79 per share, with a total value of C$419,731.00.

Athabasca Oil Price Performance

TSE ATH traded up C$0.23 during trading hours on Tuesday, reaching C$10.86. 846,969 shares of the stock traded hands, compared to its average volume of 2,465,573. The company has a market cap of C$5.23 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of -0.51 and a beta of -0.23. The company has a debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24. Athabasca Oil Co. has a 1 year low of C$5.98 and a 1 year high of C$12.86. The stock has a 50 day simple moving average of C$10.52 and a two-hundred day simple moving average of C$10.52.

Athabasca Oil (TSE:ATH) last issued 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 business had revenue of C$306.54 million during the quarter. On average, analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank Of Canada boosted their price target on Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a report on Friday, May 8th. Desjardins set a C$12.50 price target on Athabasca Oil and gave the stock a “hold” rating in a research report on Friday, July 17th. Finally, Jefferies Financial Group set a C$14.00 price objective on shares of Athabasca Oil and gave the company a “buy” rating in a research note on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Athabasca Oil presently 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.