Insider Buying: Athabasca Oil (TSE:ATH) Insider Acquires C$501,840.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 49,200 shares of the stock in a transaction on Thursday, September 24th. The shares were purchased at an average price of C$10.20 per share, with a total value of C$501,840.00. Following the acquisition, the insider directly owned 840,700 shares in the company, valued at C$8,575,140. This represents a 6.22% 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 price of C$10.08 per share, for a total transaction 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 cost 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 shares were purchased at an average price of C$10.10 per share, with a total value of C$498,940.00.
• On Friday, September 25th, Athabasca Oil Corporation bought 48,600 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.23 per share, for a total transaction of C$497,178.00.
• On Monday, September 28th, Athabasca Oil Corporation purchased 47,700 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.45 per share, for a total transaction of C$498,465.00.
• On Tuesday, September 29th, Athabasca Oil Corporation acquired 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 price 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 cost of C$11.06 per share, for a total transaction 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 price of C$10.78 per share, with a total value of C$500,192.00.

Athabasca Oil Stock Up 0.6%

Athabasca Oil stock traded up C$0.06 during mid-day trading on Thursday, hitting C$10.45. The company had a trading volume of 1,131,948 shares, compared to its average volume of 2,449,784. 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 Co. has a 1 year low of C$6.11 and a 1 year high of C$12.86. The business has a fifty day moving average of C$10.60 and a 200 day moving average of C$10.81. The stock has a market cap of C$5.03 billion, a price-to-earnings ratio of 22.23, a PEG ratio of -0.51 and a beta of -0.17.

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 for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The business had revenue of C$306.54 million during 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

ATH has been the subject of several research analyst reports. BMO Capital Markets downgraded shares of Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 price objective for the company. in a research note on Wednesday, September 16th. Desjardins set a C$12.50 target price on Athabasca Oil and gave the company a “hold” rating in a report on Friday, July 17th. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the company a “buy” rating in a research report on Thursday, June 4th. Finally, Royal Bank Of Canada set a C$12.00 price target on Athabasca Oil and gave the stock a “sector perform” rating in a research note on Thursday, September 10th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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’.