Insider Buying: Athabasca Oil (TSE:ATH) Insider Acquires C$499,954.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 46,900 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was purchased at an average price of C$10.66 per share, with a total value of C$499,954.00. Following the completion of the transaction, the insider directly owned 854,400 shares in the company, valued at approximately C$9,107,904. This represents a 5.81% 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 shares were purchased at an average price of C$10.82 per share, for a total transaction of C$499,884.00.
• On Thursday, August 20th, Athabasca Oil Corporation acquired 45,500 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$11.02 per share, for a total transaction of C$501,410.00.
• On Friday, August 21st, Athabasca Oil Corporation acquired 45,300 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$11.06 per share, for a total transaction of C$501,018.00.
• On Monday, August 24th, Athabasca Oil Corporation acquired 46,400 shares of Athabasca Oil stock. The shares were purchased 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 bought 47,600 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.54 per share, with a total value of C$501,704.00.
• On Thursday, August 27th, Athabasca Oil Corporation bought 43,800 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.80 per share, with a total value of C$473,040.00.
• On Friday, August 28th, Athabasca Oil Corporation bought 49,100 shares of Athabasca Oil stock. The stock was acquired at an average cost 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 stock was acquired 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 purchased 38,100 shares of Athabasca Oil stock. The stock was acquired 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 cost of C$10.79 per share, with a total value of C$419,731.00.

Athabasca Oil Price Performance

Athabasca Oil stock opened at C$10.79 on Friday. The company has a debt-to-equity ratio of 10.95, a quick ratio of 1.24 and a current ratio of 1.90. Athabasca Oil Co. has a 52 week low of C$5.98 and a 52 week high of C$12.86. The stock has a market capitalization of C$5.19 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of -0.51 and a beta of -0.23. The stock has a fifty day moving average of C$10.56 and a 200-day moving average of C$10.57.

Athabasca Oil (TSE:ATH) last released its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share for the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%.The business had revenue of C$306.54 million for the quarter. On average, sell-side analysts expect that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ATH. Desjardins set a C$12.50 price target on shares of Athabasca Oil and gave the company a “hold” rating in a report on Friday, July 17th. Royal Bank Of Canada increased their price objective 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, 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. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$11.50.

Athabasca Oil Company Profile

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’.