Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Purchases 48,600 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 48,600 shares of the stock in a transaction dated Friday, September 25th. The shares were purchased at an average cost of C$10.23 per share, for a total transaction of C$497,178.00. Following the completion of the acquisition, the insider directly owned 889,300 shares in the company, valued at approximately C$9,097,539. This trade represents a 5.78% increase in their ownership of the stock.

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

• On Monday, September 21st, Athabasca Oil Corporation acquired 49,400 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.08 per share, with a total value of C$497,952.00.
• On Tuesday, September 22nd, Athabasca Oil Corporation acquired 49,500 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.14 per share, with a total value of C$501,930.00.
• On Wednesday, September 23rd, Athabasca Oil Corporation bought 49,400 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.10 per share, for a total transaction of C$498,940.00.
• On Thursday, September 24th, Athabasca Oil Corporation bought 49,200 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.20 per share, for a total transaction of C$501,840.00.
• On Monday, September 28th, Athabasca Oil Corporation purchased 47,700 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.45 per share, with a total value of C$498,465.00.
• On Tuesday, September 29th, Athabasca Oil Corporation purchased 48,700 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.28 per share, with a total value of C$500,636.00.
• On Wednesday, August 19th, Athabasca Oil Corporation acquired 46,200 shares of Athabasca Oil stock. The stock was acquired 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 acquired 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 bought 45,300 shares of Athabasca Oil stock. The shares were acquired at an average price of C$11.06 per share, with a total value of C$501,018.00.
• On Monday, August 24th, Athabasca Oil Corporation bought 46,400 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.78 per share, with a total value of C$500,192.00.

Athabasca Oil Stock Performance

ATH traded up C$0.06 during trading on Thursday, hitting C$10.45. The company’s stock had a trading volume of 1,131,948 shares, compared to its average volume of 2,449,784. The business’s 50 day simple moving average is C$10.60 and its 200-day simple moving average is C$10.81. The firm has a market cap of C$5.03 billion, a PE ratio of 22.23, a P/E/G ratio of -0.51 and a beta of -0.17. Athabasca Oil Co. has a one year low of C$6.11 and a one year high of C$12.86. 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:ATH) last issued 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. 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, sell-side analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ATH. BMO Capital Markets downgraded Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 price objective on the stock. in a research note on Wednesday, September 16th. Jefferies Financial Group set a C$14.00 price objective on Athabasca Oil and gave the company a “buy” rating in a research note on Thursday, June 4th. Royal Bank Of Canada set a C$12.00 target price on shares of Athabasca Oil and gave the stock a “sector perform” rating in a report on Thursday, September 10th. Finally, 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. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Athabasca Oil has a consensus rating of “Hold” and a consensus target price of C$11.56.

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’.