Athabasca Oil (TSE:ATH) Insider Acquires C$506,416.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 49,600 shares of Athabasca Oil stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average price of C$10.21 per share, for a total transaction of C$506,416.00. Following the completion of the purchase, the insider directly owned 972,500 shares of the company’s stock, valued at C$9,929,225. The trade was a 5.37% 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 cost of C$10.77 per share, with a total value of C$509,421.00.
• On Wednesday, June 24th, Athabasca Oil Corporation bought 49,000 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.30 per share, with a total value of C$504,700.00.
• On Thursday, June 25th, Athabasca Oil Corporation bought 49,900 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.18 per share, for a total transaction of C$507,982.00.
• On Monday, June 29th, Athabasca Oil Corporation purchased 48,900 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.25 per share, for a total transaction of C$501,225.00.
• On Tuesday, June 30th, Athabasca Oil Corporation purchased 48,800 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.30 per share, for a total transaction of C$502,640.00.
• On Tuesday, May 26th, Athabasca Oil Corporation purchased 44,900 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$11.53 per share, with a total value of C$517,697.00.
• On Wednesday, May 27th, Athabasca Oil Corporation acquired 45,400 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$11.09 per share, with a total value of C$503,486.00.
• On Thursday, May 28th, Athabasca Oil Corporation acquired 45,700 shares of Athabasca Oil stock. The shares were acquired 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 acquired at an average price of C$11.00 per share, for a total transaction of C$515,900.00.

Athabasca Oil Stock Performance

Shares of TSE ATH opened at C$10.31 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.74 and a debt-to-equity ratio of 11.35. The firm’s 50-day moving average price is C$11.32 and its two-hundred day moving average price is C$9.55. Athabasca Oil Co. has a 52-week low of C$5.43 and a 52-week high of C$12.86. The stock has a market capitalization of C$4.99 billion, a P/E ratio of 22.91, a P/E/G ratio of -0.51 and a beta of -0.22.

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

Wall Street Analysts Forecast Growth

ATH has been the subject of a number of recent research reports. Jefferies Financial Group set a C$14.00 price objective on Athabasca Oil and gave the stock a “buy” rating in a research note on Thursday, June 4th. Royal Bank Of Canada raised 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 note on Friday, May 8th. Raymond James Financial raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and boosted their price target for the company from C$8.00 to C$13.00 in a report on Monday, March 30th. Finally, National Bank Financial upped their price target on shares of Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Athabasca Oil currently has a consensus rating of “Hold” and a consensus price target 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.