Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Acquires 49,400 Shares of Company Stock

Key Points

• Athabasca Oil Corporation made substantial insider purchases, acquiring 49,400 shares at C$10.08 each for nearly C$498,000 and increasing its direct holdings by 7.68% to 692,600 shares. The company also completed several additional purchases in August and September.
• Athabasca Oil shares traded at C$10.45, with a market capitalization of approximately C$5.03 billion. The company reported quarterly revenue of C$306.54 million and earnings of C$0.13 per share.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating and an average price target of C$11.56, despite some analysts maintaining Buy ratings and targets as high as C$14.00.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation purchased 49,400 shares of the stock in a transaction on Monday, September 21st. The stock was acquired at an average cost of C$10.08 per share, for a total transaction of C$497,952.00. Following the acquisition, the insider directly owned 692,600 shares in the company, valued at approximately C$6,981,408. This trade represents a 7.68% increase in their ownership of the stock.

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

• On Tuesday, September 22nd, Athabasca Oil Corporation acquired 49,500 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.14 per share, with a total value of C$501,930.00.
• On Wednesday, September 23rd, Athabasca Oil Corporation acquired 49,400 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.10 per share, with a total value of C$498,940.00.
• On Thursday, September 24th, Athabasca Oil Corporation bought 49,200 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.20 per share, for a total transaction of C$501,840.00.
• On Friday, September 25th, Athabasca Oil Corporation bought 48,600 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.23 per share, for a total transaction of C$497,178.00.
• On Monday, September 28th, Athabasca Oil Corporation purchased 47,700 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.45 per share, with a total value of C$498,465.00.
• On Tuesday, September 29th, Athabasca Oil Corporation acquired 48,700 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.28 per share, for a total transaction of C$500,636.00.
• On Wednesday, August 19th, Athabasca Oil Corporation bought 46,200 shares of Athabasca Oil stock. The stock was bought 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 shares were bought 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 purchased 45,300 shares of Athabasca Oil stock. The stock was bought 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 stock was bought at an average price of C$10.78 per share, for a total transaction of C$500,192.00.

Athabasca Oil Price Performance

Athabasca Oil stock traded up C$0.06 during mid-day trading on Thursday, hitting C$10.45. 1,131,948 shares of the company were exchanged, compared to its average volume of 2,449,784. The company has a market capitalization of C$5.03 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of -0.51 and a beta of -0.17. The business has a fifty day moving average of C$10.60 and a 200 day moving average of C$10.81. Athabasca Oil Co. has a 1-year low of C$6.11 and a 1-year high of C$12.86. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 10.95.

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 EPS for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The company had revenue of C$306.54 million for the quarter. As a group, sell-side analysts expect that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.

Analysts Set New Price Targets

ATH has been the topic of several research analyst reports. Jefferies Financial Group set a C$14.00 price objective on shares of Athabasca Oil and gave the stock a "buy" rating in a research note on Thursday, June 4th. BMO Capital Markets lowered Athabasca Oil from an "outperform" rating to a "hold" rating and set a C$12.50 price target on the stock. in a research report on Wednesday, September 16th. Royal Bank Of Canada set a C$12.00 price target on Athabasca Oil and gave the company a "sector perform" rating in a report on Thursday, September 10th. Finally, 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. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$11.56.

Athabasca Oil Company Profile

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta's Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca's light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca's common shares trade on the TSX under the symbol 'ATH'.

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