Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Buys 49,100 Shares of Stock

Key Points

• Athabasca Oil Corporation bought 49,100 shares at an average C$10.67 each, investing C$523,897 and increasing its holdings by 5.47% to 947,300 shares. The company has made several additional purchases in recent weeks.
• Athabasca Oil shares rose 2.2% to C$10.86, while the company reported quarterly EPS of C$0.13 and revenue of C$306.54 million.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of C$11.50; individual targets range from C$12.50 to C$14.00.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation bought 49,100 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average price of C$10.67 per share, with a total value of C$523,897.00. Following the purchase, the insider owned 947,300 shares of the company's stock, valued at approximately C$10,107,691. This represents a 5.47% increase in their position.

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

• On Wednesday, August 19th, Athabasca Oil Corporation purchased 46,200 shares of Athabasca Oil stock. The stock was acquired 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 shares were acquired 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 acquired 45,300 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$11.06 per share, with a total value of C$501,018.00.
• On Monday, August 24th, Athabasca Oil Corporation acquired 46,400 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.78 per share, for a total transaction of C$500,192.00.
• On Tuesday, August 25th, Athabasca Oil Corporation bought 47,600 shares of Athabasca Oil stock. The shares were acquired 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 bought 46,900 shares of Athabasca Oil stock. The shares were acquired 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 purchased 43,800 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.80 per share, with a total value of C$473,040.00.
• On Monday, August 31st, Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock. The stock was bought 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 cost of C$10.73 per share, for a total transaction 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 price of C$10.79 per share, with a total value of C$419,731.00.

Athabasca Oil Stock Up 2.2%

Shares of Athabasca Oil stock traded up C$0.23 during trading hours 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's 50-day moving average is C$10.52 and its two-hundred day moving average is C$10.52. Athabasca Oil Co. has a twelve month low of C$5.98 and a twelve month high of C$12.86. The company has a debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24. The company has a market cap of C$5.23 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of -0.51 and a beta of -0.23.

Athabasca Oil (TSE:ATH - Get Free Report) last announced its quarterly 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 firm had revenue of C$306.54 million for the quarter. Analysts anticipate that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ATH shares. Royal Bank Of Canada upped their target price on 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. Desjardins set a C$12.50 price objective on Athabasca Oil and gave the company a "hold" rating in a report on Friday, July 17th. Finally, Jefferies Financial Group set a C$14.00 target price on shares of Athabasca Oil and gave the company a "buy" rating in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Athabasca Oil currently has a consensus rating of "Hold" and a consensus 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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