Athabasca Oil (TSE:ATH) Insider Acquires C$500,192.00 in Stock

Key Points

• Insider buying continued: Athabasca Oil Corporation purchased 46,400 shares for C$500,192 at an average C$10.78 per share, increasing its direct ownership by 6.5% to 759,900 shares. The article also lists several additional purchases made in July and August.
• Athabasca Oil shares rose C$0.23 to C$10.86, with the company valued at approximately C$5.23 billion. The stock has traded between C$5.98 and C$12.86 over the past year.
• Analyst sentiment is mixed: Three analysts rate the stock Buy and four rate it Hold, producing 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 purchased 46,400 shares of the stock in a transaction on Monday, August 24th. The shares were bought at an average cost of C$10.78 per share, for a total transaction of C$500,192.00. Following the transaction, the insider directly owned 759,900 shares in the company, valued at approximately C$8,191,722. The trade was a 6.50% increase in their ownership of the stock.

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

• On Wednesday, August 19th, Athabasca Oil Corporation acquired 46,200 shares of Athabasca Oil stock. The stock was purchased 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 purchased 45,500 shares of Athabasca Oil stock. The shares were acquired at an average price of C$11.02 per share, with a total value of C$501,410.00.
• On Friday, August 21st, Athabasca Oil Corporation bought 45,300 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$11.06 per share, for a total transaction of C$501,018.00.
• On Tuesday, August 25th, Athabasca Oil Corporation acquired 47,600 shares of Athabasca Oil stock. The stock was bought at an average cost 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 stock was bought at an average cost of C$10.66 per share, for a total transaction of C$499,954.00.
• On Thursday, August 27th, Athabasca Oil Corporation purchased 43,800 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.80 per share, with a total value of C$473,040.00.
• On Friday, August 28th, Athabasca Oil Corporation purchased 49,100 shares of Athabasca Oil stock. The stock was 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 bought 46,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.68 per share, for a total transaction 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 price of C$10.73 per share, for a total transaction of C$408,813.00.
• On Tuesday, July 21st, Athabasca Oil Corporation purchased 38,900 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.79 per share, with a total value of C$419,731.00.

Athabasca Oil Price Performance

Shares of TSE ATH traded up C$0.23 during trading hours on Tuesday, hitting C$10.86. 846,969 shares of the stock were exchanged, compared to its average volume of 2,465,573. The company's fifty day simple moving average is C$10.52 and its two-hundred day simple moving average is C$10.52. The company has a market cap of C$5.23 billion, a PE ratio of 23.11, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 10.95, a quick ratio of 1.24 and a current ratio of 1.90.

Athabasca Oil (TSE:ATH - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 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 predict that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ATH shares. Jefferies Financial Group set a C$14.00 target price on shares of Athabasca Oil and gave the stock a "buy" rating in a report on Thursday, June 4th. Royal Bank Of Canada increased 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. Finally, Desjardins set a C$12.50 target price on Athabasca Oil and gave the stock a "hold" rating in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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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