Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Buys 49,500 Shares of Company Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 49,500 shares of Athabasca Oil stock in a transaction that occurred on Tuesday, September 22nd. The shares were bought at an average price of C$10.14 per share, with a total value of C$501,930.00. Following the transaction, the insider owned 742,100 shares of the company’s stock, valued at C$7,524,894. This trade represents a 7.15% increase in their position.

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

• On Monday, September 21st, Athabasca Oil Corporation bought 49,400 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.08 per share, for a total transaction of C$497,952.00.
• On Wednesday, September 23rd, Athabasca Oil Corporation bought 49,400 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.10 per share, with a total value of C$498,940.00.
• On Thursday, September 24th, Athabasca Oil Corporation purchased 49,200 shares of Athabasca Oil stock. The shares were bought 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 purchased 48,600 shares of Athabasca Oil stock. The stock was bought 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 bought at an average cost 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 purchased 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 bought 46,200 shares of Athabasca Oil stock. The stock was purchased 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 bought 45,500 shares of Athabasca Oil stock. The stock was purchased 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 purchased 45,300 shares of Athabasca Oil stock. The shares were purchased 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 purchased 46,400 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.78 per share, with a total value of C$500,192.00.

Athabasca Oil Stock Performance

ATH traded up C$0.06 during trading hours on Thursday, hitting C$10.45. The stock had a trading volume of 1,131,948 shares, compared to its average volume of 2,449,784. The company’s fifty day simple moving average is C$10.60 and its 200 day simple moving average is C$10.81. Athabasca Oil Co. has a 1 year low of C$6.11 and a 1 year high of C$12.86. The stock has a market cap of C$5.03 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of -0.51 and a beta of -0.17. 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 (TSE:ATH) last released its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS for the quarter. The business had revenue of C$306.54 million for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. Equities analysts anticipate that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.

Wall Street Analyst Weigh In

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