Insider Buying: Athabasca Oil (TSE:ATH) Insider Buys C$501,225.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 48,900 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was purchased at an average price of C$10.25 per share, for a total transaction of C$501,225.00. Following the acquisition, the insider owned 1,021,400 shares of the company’s stock, valued at C$10,469,350. This trade represents a 5.03% increase in their ownership of the stock.

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

• On Tuesday, June 23rd, Athabasca Oil Corporation acquired 47,300 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.77 per share, with a total value 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 cost of C$10.30 per share, for a total transaction of C$504,700.00.
• On Thursday, June 25th, Athabasca Oil Corporation purchased 49,900 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.18 per share, with a total value of C$507,982.00.
• On Friday, June 26th, Athabasca Oil Corporation acquired 49,600 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.21 per share, for a total transaction of C$506,416.00.
• On Tuesday, June 30th, Athabasca Oil Corporation purchased 48,800 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.30 per share, for a total transaction of C$502,640.00.
• On Tuesday, May 26th, Athabasca Oil Corporation acquired 44,900 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$11.53 per share, for a total transaction of C$517,697.00.
• On Wednesday, May 27th, Athabasca Oil Corporation purchased 45,400 shares of Athabasca Oil stock. The shares were bought 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 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 acquired at an average cost of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Trading Down 1.8%

Shares of ATH stock traded down C$0.18 during trading hours on Thursday, reaching C$10.04. 781,027 shares of the stock were exchanged, compared to its average volume of 2,684,768. The company has a current ratio of 1.74, a quick ratio of 1.24 and a debt-to-equity ratio of 11.35. Athabasca Oil Co. has a 12-month low of C$5.43 and a 12-month high of C$12.86. The firm has a market capitalization of C$4.86 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of -0.51 and a beta of -0.22. The company’s 50-day moving average price is C$11.36 and its 200-day moving average price is C$9.52.

Athabasca Oil (TSE:ATH) last released its earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share 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%. As a group, equities analysts anticipate that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Athabasca Oil Company Profile

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.