Insider Buying: Athabasca Oil (TSE:ATH) Insider Buys C$501,018.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 45,300 shares of the company’s stock in a transaction on Friday, August 21st. The shares were acquired at an average cost of C$11.06 per share, for a total transaction of C$501,018.00. Following the completion of the acquisition, the insider directly owned 713,500 shares of the company’s stock, valued at C$7,891,310. This trade represents a 6.78% increase in their position.

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

• On Wednesday, August 19th, Athabasca Oil Corporation purchased 46,200 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.82 per share, with a total value of C$499,884.00.
• On Thursday, August 20th, Athabasca Oil Corporation acquired 45,500 shares of Athabasca Oil stock. The shares were acquired at an average price of C$11.02 per share, for a total transaction of C$501,410.00.
• On Monday, August 24th, Athabasca Oil Corporation bought 46,400 shares of Athabasca Oil stock. The stock was 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 bought 47,600 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.54 per share, for a total transaction of C$501,704.00.
• On Wednesday, August 26th, Athabasca Oil Corporation bought 46,900 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.66 per share, with a total value of C$499,954.00.
• On Thursday, August 27th, Athabasca Oil Corporation bought 43,800 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.80 per share, with a total value of C$473,040.00.
• On Friday, August 28th, Athabasca Oil Corporation purchased 49,100 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.67 per share, for a total transaction of C$523,897.00.
• On Monday, August 31st, Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.68 per share, for a total transaction of C$500,892.00.
• On Monday, July 20th, Athabasca Oil Corporation acquired 38,100 shares of Athabasca Oil stock. The shares were bought 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 acquired 38,900 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.79 per share, with a total value of C$419,731.00.

Athabasca Oil Price Performance

Shares of TSE ATH opened at C$10.79 on Friday. 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 market capitalization of C$5.19 billion, a PE ratio of 22.96, a P/E/G ratio of -0.51 and a beta of -0.23. Athabasca Oil Co. has a 1-year low of C$5.98 and a 1-year high of C$12.86. The business’s fifty day moving average price is C$10.56 and its two-hundred day moving average price is C$10.57.

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 (EPS) for the quarter. The company had revenue of C$306.54 million during the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. On average, research analysts expect that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ATH. Royal Bank Of Canada boosted their target price on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Desjardins set a C$12.50 price target on Athabasca Oil and gave the company a “hold” rating in a report on Friday, July 17th. Finally, Jefferies Financial Group set a C$14.00 price objective on Athabasca Oil and gave the stock a “buy” rating in a research report 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$11.50.

About Athabasca Oil

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol ‘ATH’.