Athabasca Oil Corporation Buys 45,300 Shares of Athabasca Oil (TSE:ATH) Stock

Key Points

• Athabasca Oil Corporation bought 45,300 shares of Athabasca Oil at an average C$11.06 per share, investing C$501,018 and increasing its direct ownership by 6.78% to 713,500 shares.
• The company made a series of additional purchases in July and August, generally investing about C$500,000 per transaction, signaling sustained insider buying.
• Athabasca Oil shares recently traded at C$10.86, while analysts hold a consensus “Hold” rating with an average price target of C$11.50; the company reported quarterly EPS of C$0.13 and revenue of C$306.54 million.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation acquired 45,300 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average price of C$11.06 per share, with a total value of C$501,018.00. Following the completion of the transaction, the insider directly owned 713,500 shares in the company, valued at approximately C$7,891,310. The trade was a 6.78% increase in their ownership of the stock.

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 purchased at an average price of C$10.82 per share, for a total transaction of C$499,884.00.
• On Thursday, August 20th, Athabasca Oil Corporation purchased 45,500 shares of Athabasca Oil stock. The stock was acquired at an average price of C$11.02 per share, with a total value of C$501,410.00.
• On Monday, August 24th, Athabasca Oil Corporation bought 46,400 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.78 per share, with a total value of C$500,192.00.
• On Tuesday, August 25th, Athabasca Oil Corporation purchased 47,600 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.54 per share, for a total transaction of C$501,704.00.
• On Wednesday, August 26th, Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.66 per share, with a total value of C$499,954.00.
• On Thursday, August 27th, Athabasca Oil Corporation acquired 43,800 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.80 per share, for a total transaction of C$473,040.00.
• On Friday, August 28th, Athabasca Oil Corporation acquired 49,100 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.67 per share, with a total value of C$523,897.00.
• On Monday, August 31st, Athabasca Oil Corporation acquired 46,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.68 per share, with a total value of C$500,892.00.
• On Monday, July 20th, Athabasca Oil Corporation acquired 38,100 shares of Athabasca Oil stock. The shares were bought at an average cost 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 stock was acquired at an average cost of C$10.79 per share, with a total value of C$419,731.00.

Athabasca Oil Stock Performance

ATH traded up C$0.23 during trading on Tuesday, reaching C$10.86. 846,969 shares of the company were exchanged, compared to its average volume of 2,465,573. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95. The firm has a 50 day moving average of C$10.52 and a 200 day moving average of C$10.52. The stock has a market cap of C$5.23 billion, a P/E ratio of 23.11, a PEG ratio of -0.51 and a beta of -0.23. Athabasca Oil Co. has a 52 week low of C$5.98 and a 52 week high of C$12.86.

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

Analyst Ratings Changes

Several research analysts have commented on ATH shares. Desjardins set a C$12.50 target price on shares of Athabasca Oil and gave the stock a "hold" rating in a report on Friday, July 17th. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the company a "buy" rating in a report on Thursday, June 4th. Finally, Royal Bank Of Canada boosted their price objective on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the company a "sector perform" rating in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Athabasca Oil has a consensus rating of "Hold" and an average target price of C$11.50.

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.

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