Insider Buying: Athabasca Oil (TSE:ATH) Insider Acquires C$504,700.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 49,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was acquired at an average cost of C$10.30 per share, with a total value of C$504,700.00. Following the transaction, the insider owned 873,000 shares of the company’s stock, valued at C$8,991,900. This trade represents a 5.95% increase in their ownership of the stock.

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

• On Tuesday, June 23rd, Athabasca Oil Corporation purchased 47,300 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.77 per share, for a total transaction of C$509,421.00.
• On Thursday, June 25th, Athabasca Oil Corporation acquired 49,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.18 per share, with a total value of C$507,982.00.
• On Friday, June 26th, Athabasca Oil Corporation purchased 49,600 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.21 per share, for a total transaction of C$506,416.00.
• On Monday, June 29th, Athabasca Oil Corporation purchased 48,900 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.25 per share, with a total value of C$501,225.00.
• On Tuesday, June 30th, Athabasca Oil Corporation acquired 48,800 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.30 per share, with a total value of C$502,640.00.
• On Tuesday, May 26th, Athabasca Oil Corporation acquired 44,900 shares of Athabasca Oil stock. The stock was acquired at an average price of C$11.53 per share, for a total transaction 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 bought 45,700 shares of Athabasca Oil stock. The shares were acquired at an average price of C$11.31 per share, with a total value of C$516,867.00.
• On Friday, May 29th, Athabasca Oil Corporation bought 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 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 business’s 50 day moving average is C$11.32 and its two-hundred day moving average is C$9.55. The company has a market cap 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 Co. has a 12 month low of C$5.43 and a 12 month high of C$12.86.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ATH shares. Raymond James Financial raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and upped their price objective for the company from C$8.00 to C$13.00 in a research report on Monday, March 30th. Royal Bank Of Canada lifted their target price on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. National Bank Financial boosted 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, Jefferies Financial Group set a C$14.00 price target on Athabasca Oil and gave the company a “buy” rating in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Athabasca Oil presently has an average rating of “Hold” and an average target price of C$10.89.

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.