Insider Buying: Athabasca Oil (TSE:ATH) Insider Acquires 46,900 Shares

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

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, 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 bought at an average cost of C$11.02 per share, with a total value of C$501,410.00.
  • On Friday, August 21st, Athabasca Oil Corporation purchased 45,300 shares of Athabasca Oil stock. The stock was purchased at an average price of C$11.06 per share, for a total transaction of C$501,018.00.
  • On Monday, August 24th, Athabasca Oil Corporation purchased 46,400 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.78 per share, with a total value of C$500,192.00.
  • On Tuesday, August 25th, Athabasca Oil Corporation acquired 47,600 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.54 per share, with a total value of C$501,704.00.
  • On Wednesday, August 26th, Athabasca Oil Corporation bought 46,900 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.66 per share, for a total transaction of C$499,954.00.
  • On Thursday, August 27th, Athabasca Oil Corporation acquired 43,800 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.80 per share, for a total transaction of C$473,040.00.
  • On Friday, August 28th, Athabasca Oil Corporation acquired 49,100 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.67 per share, with a total value of C$523,897.00.
  • On Monday, July 20th, Athabasca Oil Corporation bought 38,100 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.73 per share, for a total transaction of C$408,813.00.
  • On Tuesday, July 21st, Athabasca Oil Corporation purchased 38,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.79 per share, with a total value of C$419,731.00.

Athabasca Oil Stock Performance

Shares of ATH stock traded up C$0.23 during trading on Tuesday, reaching C$10.86. 846,969 shares of the company’s stock were exchanged, compared to its average volume of 2,465,573. Athabasca Oil Co. has a twelve month low of C$5.98 and a twelve month high of C$12.86. The stock has a market capitalization of C$5.23 billion, a PE ratio of 23.11, a PEG ratio of -0.51 and a beta of -0.23. The firm’s fifty day moving average price is C$10.52 and its 200-day moving average price is C$10.52. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 10.95.

Athabasca Oil (TSE:ATHGet Free Report) last announced its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS for the quarter. The business 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%. As a group, sell-side analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Analysts Set New Price Targets

ATH has been the topic of several analyst reports. Desjardins set a C$12.50 price target on shares of Athabasca Oil and gave the stock a “hold” rating in a research report on Friday, July 17th. 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. Finally, Royal Bank Of Canada upped 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 report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$11.50.

View Our Latest Research Report on ATH

About Athabasca Oil

(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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