Insider Buying: Athabasca Oil (TSE:ATH) Insider Acquires C$452,835.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 43,500 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was bought at an average cost of C$10.41 per share, for a total transaction of C$452,835.00. Following the transaction, the insider directly owned 993,600 shares of the company’s stock, valued at C$10,343,376. The trade was a 4.58% increase in their ownership of the stock.

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

• On Monday, July 20th, Athabasca Oil Corporation bought 38,100 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.73 per share, with a total value of C$408,813.00.
• On Tuesday, July 21st, Athabasca Oil Corporation purchased 38,900 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.79 per share, with a total value of C$419,731.00.
• On Wednesday, July 22nd, Athabasca Oil Corporation bought 37,500 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.85 per share, with a total value of C$406,875.00.
• On Thursday, July 23rd, Athabasca Oil Corporation acquired 37,300 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$11.25 per share, with a total value of C$419,625.00.
• On Friday, July 24th, Athabasca Oil Corporation purchased 36,800 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.99 per share, with a total value of C$404,432.00.
• On Monday, July 27th, Athabasca Oil Corporation bought 39,500 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.56 per share, with a total value of C$417,120.00.
• On Tuesday, July 28th, Athabasca Oil Corporation acquired 39,400 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.38 per share, with a total value of C$408,972.00.
• On Wednesday, July 29th, Athabasca Oil Corporation acquired 39,900 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.47 per share, with a total value of C$417,753.00.
• On Thursday, July 30th, Athabasca Oil Corporation bought 39,500 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.45 per share, for a total transaction of C$412,775.00.
• On Tuesday, June 23rd, Athabasca Oil Corporation purchased 47,300 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.77 per share, with a total value of C$509,421.00.

Athabasca Oil Trading Up 3.2%

Shares of Athabasca Oil stock opened at C$9.92 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95. The company has a fifty day simple moving average of C$10.72 and a 200-day simple moving average of C$10.19. The stock has a market cap of C$4.77 billion, a price-to-earnings ratio of 21.11, a PEG ratio of -0.51 and a beta of -0.23. Athabasca Oil Co. has a 12-month low of C$5.57 and a 12-month high of C$12.86.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 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 for the quarter. On average, equities analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on ATH shares. Royal Bank Of Canada upped their target price on 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. Desjardins set a C$12.50 price objective on Athabasca Oil and gave the company a “hold” rating in a report on Friday, July 17th. 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 report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$11.50.

About Athabasca Oil

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.