Athabasca Oil Corporation Buys 43,800 Shares of Athabasca Oil (TSE:ATH) Stock

Key Points

• Athabasca Oil Corporation bought 43,800 shares of Athabasca Oil at an average C$10.80 per share, increasing its direct stake by 5.13% to 898,200 shares valued at approximately C$9.7 million. The purchase was part of a series of insider acquisitions made during July and August.
• Athabasca Oil shares rose 2.2% to C$10.86, while the company reported quarterly revenue of C$306.54 million and earnings of C$0.13 per share. Its stock has traded between C$5.98 and C$12.86 over the past year.
• Analyst sentiment remains mixed, with three Buy ratings and four Holds; the stock has an average rating of Hold and an average price target of C$11.50.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation bought 43,800 shares of the firm's stock in a transaction dated Thursday, August 27th. The shares were acquired at an average price of C$10.80 per share, with a total value of C$473,040.00. Following the purchase, the insider directly owned 898,200 shares of the company's stock, valued at approximately C$9,700,560. This trade represents a 5.13% increase in their position.

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

• On Wednesday, August 19th, Athabasca Oil Corporation bought 46,200 shares of Athabasca Oil stock. The shares were acquired 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 bought at an average cost of C$11.02 per share, with a total value of C$501,410.00.
• On Friday, August 21st, Athabasca Oil Corporation purchased 45,300 shares of Athabasca Oil stock. The stock was acquired 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 cost of C$10.78 per share, for a total transaction of C$500,192.00.
• On Tuesday, August 25th, Athabasca Oil Corporation purchased 47,600 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.54 per share, with a total value of C$501,704.00.
• On Wednesday, August 26th, Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.66 per share, for a total transaction of C$499,954.00.
• On Friday, August 28th, Athabasca Oil Corporation bought 49,100 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.67 per share, for a total transaction of C$523,897.00.
• On Monday, August 31st, Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.68 per share, for a total transaction of C$500,892.00.
• On Monday, July 20th, Athabasca Oil Corporation purchased 38,100 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.73 per share, with a total value of C$408,813.00.
• On Tuesday, July 21st, Athabasca Oil Corporation acquired 38,900 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.79 per share, with a total value of C$419,731.00.

Athabasca Oil Trading Up 2.2%

Shares of ATH traded up C$0.23 during mid-day trading on Tuesday, hitting C$10.86. The company had a trading volume of 846,969 shares, compared to its average volume of 2,465,573. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 10.95. The stock has a market cap of C$5.23 billion, a PE ratio of 23.11, a P/E/G ratio of -0.51 and a beta of -0.23. Athabasca Oil Co. has a 1-year low of C$5.98 and a 1-year high of C$12.86. The business's 50-day simple moving average is C$10.52 and its 200-day simple moving average is C$10.52.

Athabasca Oil (TSE:ATH - Get Free Report) last issued its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share for the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%.The firm had revenue of C$306.54 million for the quarter. Sell-side analysts forecast that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on ATH shares. 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. Desjardins set a C$12.50 price objective on Athabasca Oil and gave the company a "hold" rating in a research report on Friday, July 17th. Finally, Royal Bank Of Canada upped 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. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Athabasca Oil presently has an average rating of "Hold" and an average price target of C$11.50.

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.

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