Insider Buying: Athabasca Oil (TSE:ATH) Insider Acquires C$408,813.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 38,100 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was purchased at an average price of C$10.73 per share, for a total transaction of C$408,813.00. Following the completion of the acquisition, the insider owned 641,300 shares in the company, valued at approximately C$6,881,149. This trade represents a 6.32% increase in their ownership of the stock.

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

• On Tuesday, July 21st, Athabasca Oil Corporation acquired 38,900 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.79 per share, for a total transaction of C$419,731.00.
• On Wednesday, July 22nd, Athabasca Oil Corporation bought 37,500 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.85 per share, with a total value of C$406,875.00.
• On Thursday, July 23rd, Athabasca Oil Corporation bought 37,300 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$11.25 per share, with a total value of C$419,625.00.
• On Friday, July 24th, Athabasca Oil Corporation bought 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 purchased 39,500 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.56 per share, for a total transaction of C$417,120.00.
• On Tuesday, July 28th, Athabasca Oil Corporation purchased 39,400 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.38 per share, for a total transaction of C$408,972.00.
• On Wednesday, July 29th, Athabasca Oil Corporation purchased 39,900 shares of Athabasca Oil stock. The shares were acquired 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 acquired 39,500 shares of Athabasca Oil stock. The shares were acquired 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 acquired 43,500 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.41 per share, with a total value of C$452,835.00.
• On Tuesday, June 23rd, Athabasca Oil Corporation acquired 47,300 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.77 per share, with a total value of C$509,421.00.

Athabasca Oil Stock Performance

Shares of ATH stock opened at C$9.92 on Friday. The company’s fifty day simple moving average is C$10.72 and its 200-day simple moving average is C$10.19. Athabasca Oil Co. has a 52 week low of C$5.57 and a 52 week high of C$12.86. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95. The company has a market cap of C$4.77 billion, a PE ratio of 21.11, a P/E/G ratio of -0.51 and a beta of -0.23.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings results 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 firm had revenue of C$306.54 million during the quarter. As a group, equities research analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Analyst Ratings Changes

ATH has been the topic of a number of recent research reports. Royal Bank Of Canada boosted 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 note on Friday, May 8th. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the company a “buy” rating in a research note on Thursday, June 4th. Finally, Desjardins set a C$12.50 target price on Athabasca Oil and gave the company a “hold” rating in a report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to 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.