Insider Buying: Athabasca Oil (TSE:ATH) Insider Buys 44,900 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 44,900 shares of Athabasca Oil stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of C$11.53 per share, for a total transaction of C$517,697.00. Following the purchase, the insider owned 819,400 shares of the company’s stock, valued at approximately C$9,447,682. This represents a 5.80% increase in their position.

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

• On Wednesday, May 27th, Athabasca Oil Corporation acquired 45,400 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$11.09 per share, for a total transaction of C$503,486.00.
• On Thursday, May 28th, Athabasca Oil Corporation acquired 45,700 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$11.31 per share, for a total transaction of C$516,867.00.
• On Friday, May 29th, Athabasca Oil Corporation acquired 46,900 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$11.00 per share, for a total transaction of C$515,900.00.

Athabasca Oil Price Performance

Athabasca Oil stock traded up C$0.44 on Monday, reaching C$11.35. The company’s stock had a trading volume of 1,523,019 shares, compared to its average volume of 2,856,215. The company has a debt-to-equity ratio of 11.35, a quick ratio of 1.24 and a current ratio of 1.74. The company has a market cap of C$5.49 billion, a price-to-earnings ratio of 25.22, a PEG ratio of -0.51 and a beta of 0.12. The business’s fifty day moving average price is C$11.15 and its 200 day moving average price is C$8.98. Athabasca Oil Co. has a twelve month low of C$5.19 and a twelve month high of C$12.86.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings data on Thursday, May 7th. The oil and gas exploration company reported C$0.10 EPS 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. Equities analysts expect that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ATH shares. Raymond James Financial raised Athabasca Oil from a “hold” rating to a “moderate buy” rating and upped their price target for the company from C$8.00 to C$13.00 in a research note on Monday, March 30th. TD Securities upped their price target on Athabasca Oil from C$6.50 to C$8.00 and gave the company a “hold” rating in a research note on Friday, March 6th. National Bank Financial upped their price target on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. Finally, Royal Bank Of Canada upped their price target on 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. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$10.38.

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.