Insider Buying: Athabasca Oil (TSE:ATH) Insider Purchases C$412,775.00 in Stock

Athabasca Oil Co. (TSE:ATHGet Free Report) insider Athabasca Oil Corporation acquired 39,500 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were purchased at an average cost of C$10.45 per share, for a total transaction of C$412,775.00. Following the completion of the acquisition, the insider directly owned 950,100 shares in the company, valued at approximately C$9,928,545. This represents a 4.34% increase in their ownership of the stock.

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

  • On Monday, July 20th, Athabasca Oil Corporation bought 38,100 shares of Athabasca Oil stock. The stock was acquired at an average cost 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 acquired at an average price of C$10.79 per share, for a total transaction of C$419,731.00.
  • On Wednesday, July 22nd, Athabasca Oil Corporation acquired 37,500 shares of Athabasca Oil stock. The stock was 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 bought 37,300 shares of Athabasca Oil stock. The stock was acquired at an average price of C$11.25 per share, for a total transaction of C$419,625.00.
  • On Friday, July 24th, Athabasca Oil Corporation bought 36,800 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.99 per share, for a total transaction of C$404,432.00.
  • On Monday, July 27th, Athabasca Oil Corporation bought 39,500 shares of Athabasca Oil stock. The shares were 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 stock was acquired at an average cost of C$10.38 per share, with a total value of C$408,972.00.
  • On Wednesday, July 29th, Athabasca Oil Corporation purchased 39,900 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.47 per share, with a total value of C$417,753.00.
  • On Friday, July 31st, Athabasca Oil Corporation purchased 43,500 shares of Athabasca Oil stock. The stock was bought at an average price 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 shares were bought at an average cost of C$10.77 per share, for a total transaction of C$509,421.00.

Athabasca Oil Trading Up 3.2%

Shares of TSE ATH opened at C$9.92 on Friday. Athabasca Oil Co. has a 1-year low of C$5.57 and a 1-year high of C$12.86. 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 business’s 50 day moving average is C$10.72 and its two-hundred day moving average is 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:ATHGet Free Report) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share (EPS) for the quarter. The business had revenue of C$306.54 million during the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%. As a group, research analysts expect that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. 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 report on Thursday, June 4th. Royal Bank Of Canada lifted their price target 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. Finally, Desjardins set a C$12.50 price objective on Athabasca Oil and gave the company a “hold” rating in a report on Friday, July 17th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$11.50.

Read Our Latest Stock Analysis on Athabasca Oil

Athabasca Oil Company Profile

(Get Free Report)

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.

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