Insider Buying: Athabasca Oil (TSE:ATH) Insider Buys C$502,640.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 48,800 shares of the stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of C$10.30 per share, with a total value of C$502,640.00. Following the transaction, the insider owned 1,070,200 shares in the company, valued at C$11,023,060. This trade represents a 4.78% increase in their ownership of the stock.

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

• On Tuesday, June 23rd, Athabasca Oil Corporation acquired 47,300 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.77 per share, for a total transaction of C$509,421.00.
• On Wednesday, June 24th, Athabasca Oil Corporation acquired 49,000 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.30 per share, for a total transaction of C$504,700.00.
• On Thursday, June 25th, Athabasca Oil Corporation acquired 49,900 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.18 per share, for a total transaction of C$507,982.00.
• On Friday, June 26th, Athabasca Oil Corporation bought 49,600 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.21 per share, with a total value of C$506,416.00.
• On Monday, June 29th, Athabasca Oil Corporation bought 48,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.25 per share, with a total value of C$501,225.00.
• On Tuesday, May 26th, Athabasca Oil Corporation bought 44,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$11.53 per share, with a total value of C$517,697.00.
• On Wednesday, May 27th, Athabasca Oil Corporation purchased 45,400 shares of Athabasca Oil stock. The stock was bought 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 purchased 45,700 shares of Athabasca Oil stock. The stock was bought at an average price 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 shares were bought at an average cost of C$11.00 per share, with a total value of C$515,900.00.

Athabasca Oil Trading Up 1.2%

TSE ATH opened at C$10.31 on Friday. The stock has a 50-day simple moving average of C$11.32 and a 200 day simple moving average of C$9.55. The company has a market capitalization of C$4.99 billion, a PE ratio of 22.91, a P/E/G ratio of -0.51 and a beta of -0.22. The company has a current ratio of 1.74, a quick ratio of 1.24 and a debt-to-equity ratio of 11.35. Athabasca Oil Co. has a 12 month low of C$5.43 and a 12 month high of C$12.86.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. 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. Royal Bank Of Canada raised their price objective on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Raymond James Financial upgraded 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. Finally, National Bank Financial boosted their price objective on Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$10.89.

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.