Insider Buying: Athabasca Oil (TSE:ATH) Insider Buys 45,700 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 45,700 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were purchased at an average cost of C$11.31 per share, for a total transaction of C$516,867.00. Following the acquisition, the insider owned 910,500 shares in the company, valued at C$10,297,755. This represents a 5.28% increase in their ownership of the stock.

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

• On Tuesday, May 26th, Athabasca Oil Corporation acquired 44,900 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$11.53 per share, for a total transaction of C$517,697.00.
• On Wednesday, May 27th, Athabasca Oil Corporation acquired 45,400 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$11.09 per share, for a total transaction of C$503,486.00.
• On Friday, May 29th, Athabasca Oil Corporation acquired 46,900 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$11.00 per share, for a total transaction of C$515,900.00.

Athabasca Oil Price Performance

Shares of TSE ATH traded up C$0.44 during mid-day trading on Monday, hitting C$11.35. 1,523,019 shares of the stock traded hands, compared to its average volume of 2,856,215. The company has a debt-to-equity ratio of 11.35, a current ratio of 1.74 and a quick ratio of 1.24. Athabasca Oil Co. has a twelve month low of C$5.19 and a twelve month high of C$12.86. The company has a market cap of C$5.49 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of -0.51 and a beta of 0.12. The firm has a 50 day simple moving average of C$11.15 and a two-hundred day simple moving average of C$8.98.

Athabasca Oil (TSE:ATH) last released its quarterly earnings data on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share for the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%.The company had revenue of C$355.58 million for the quarter. As a group, equities research analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank Of Canada lifted their target price on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a report on Friday, May 8th. TD Securities lifted their target price on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a report on Friday, March 6th. National Bank Financial lifted their target price on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a report on Tuesday, March 31st. Finally, Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and lifted their target price for the stock from C$8.00 to C$13.00 in a report on Monday, March 30th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$10.38.

Athabasca Oil Company Profile

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.