Athabasca Oil (TSE:ATH) Insider Acquires C$497,952.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 49,400 shares of the stock in a transaction dated Monday, September 21st. The stock was purchased at an average cost of C$10.08 per share, with a total value of C$497,952.00. Following the completion of the purchase, the insider directly owned 692,600 shares in the company, valued at approximately C$6,981,408. This trade represents a 7.68% increase in their position.

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

• On Tuesday, September 22nd, Athabasca Oil Corporation purchased 49,500 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.14 per share, for a total transaction of C$501,930.00.
• On Wednesday, September 23rd, Athabasca Oil Corporation purchased 49,400 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.10 per share, for a total transaction of C$498,940.00.
• On Thursday, September 24th, Athabasca Oil Corporation acquired 49,200 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.20 per share, with a total value of C$501,840.00.
• On Friday, September 25th, Athabasca Oil Corporation acquired 48,600 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.23 per share, with a total value of C$497,178.00.
• On Monday, September 28th, Athabasca Oil Corporation bought 47,700 shares of Athabasca Oil stock. The shares were 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 bought 48,700 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.28 per share, for a total transaction of C$500,636.00.
• On Wednesday, August 19th, Athabasca Oil Corporation purchased 46,200 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.82 per share, with a total value of C$499,884.00.
• On Thursday, August 20th, Athabasca Oil Corporation purchased 45,500 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$11.02 per share, with a total value of C$501,410.00.
• On Friday, August 21st, Athabasca Oil Corporation acquired 45,300 shares of Athabasca Oil stock. The stock was acquired at an average price of C$11.06 per share, for a total transaction of C$501,018.00.
• On Monday, August 24th, Athabasca Oil Corporation acquired 46,400 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.78 per share, for a total transaction of C$500,192.00.

Athabasca Oil Trading Up 0.6%

ATH traded up C$0.06 during trading on Thursday, reaching C$10.45. 1,131,948 shares of the company’s stock were exchanged, compared to its average volume of 2,449,784. The company’s fifty day moving average price is C$10.60 and its 200-day moving average price is C$10.81. The firm has a market capitalization 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 fifty-two week low of C$6.11 and a fifty-two week high of C$12.86. The company has a debt-to-equity ratio of 10.95, a quick ratio of 1.24 and a current ratio of 1.90.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings results 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 return on equity of 12.57% and a net margin of 17.68%.The business had revenue of C$306.54 million for the quarter. As a group, equities analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Wall Street Analysts Forecast Growth

ATH has been the subject of several analyst reports. Royal Bank Of Canada set a C$12.00 target price on Athabasca Oil and gave the stock a “sector perform” rating in a research report on Thursday, September 10th. BMO Capital Markets downgraded shares of Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 target price for the company. in a research note on Wednesday, September 16th. Jefferies Financial Group set a C$14.00 price target on shares of Athabasca Oil and gave the stock a “buy” rating in a research report on Thursday, June 4th. Finally, Desjardins set a C$12.50 price objective on shares of Athabasca Oil and gave the company a “hold” rating in a research report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$11.56.

About Athabasca Oil

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’.