Insider Buying: Athabasca Oil (TSE:ATH) Insider Acquires C$501,225.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 48,900 shares of Athabasca Oil stock in a transaction that occurred on Monday, June 29th. The shares were purchased at an average price of C$10.25 per share, for a total transaction of C$501,225.00. Following the transaction, the insider directly owned 1,021,400 shares in the company, valued at C$10,469,350. This represents a 5.03% increase in their position.

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 purchased at an average cost 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 shares were purchased 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 price of C$10.18 per share, with a total value of C$507,982.00.
• On Friday, June 26th, Athabasca Oil Corporation bought 49,600 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.21 per share, for a total transaction of C$506,416.00.
• On Tuesday, June 30th, Athabasca Oil Corporation bought 48,800 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$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 price of C$11.53 per share, for a total transaction of C$517,697.00.
• On Wednesday, May 27th, Athabasca Oil Corporation purchased 45,400 shares of Athabasca Oil stock. The stock was acquired at an average price 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 shares were acquired at an average cost of C$11.31 per share, with a total value 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, with a total value of C$515,900.00.

Athabasca Oil Price Performance

Shares of ATH stock opened at C$10.31 on Friday. The business has a fifty day simple moving average of C$11.32 and a 200 day simple moving average of 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. The company has a quick ratio of 1.24, a current ratio of 1.74 and a debt-to-equity ratio of 11.35. Athabasca Oil Co. has a twelve month low of C$5.43 and a twelve month high of C$12.86.

Athabasca Oil (TSE:ATH) last released 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%. On average, sell-side analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ATH. National Bank Financial lifted their price target on shares of Athabasca Oil from C$9.00 to C$12.50 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Raymond James Financial raised shares of Athabasca Oil from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$8.00 to C$13.00 in a research note on Monday, March 30th. Jefferies Financial Group set a C$14.00 target price on shares of Athabasca Oil and gave the company a “buy” rating in a research report on Thursday, June 4th. Finally, Royal Bank Of Canada boosted their target price on shares of 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. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Athabasca Oil 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.