Athabasca Oil (TSE:ATH) Insider Buys C$501,930.00 in Stock

Key Points

• Insider buying continued: An Athabasca Oil insider purchased 49,500 shares for C$501,930 at C$10.14 per share, increasing their position by 7.15% to 742,100 shares. The insider also made multiple purchases of roughly C$500,000 each in recent weeks.
• Shares rose modestly: Athabasca Oil traded up 0.6% to C$10.45, with a market capitalization of approximately C$5.03 billion. The stock has ranged between C$6.11 and C$12.86 over the past year.
• Analyst sentiment is mixed: Analysts have a consensus “Hold” rating and an average price target of C$11.56, while the company most recently reported C$0.13 in quarterly EPS and C$306.54 million in revenue.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation purchased 49,500 shares of the firm's stock in a transaction on Tuesday, September 22nd. The shares were acquired at an average price of C$10.14 per share, with a total value of C$501,930.00. Following the completion of the acquisition, the insider owned 742,100 shares in the company, valued at approximately C$7,524,894. This trade represents a 7.15% increase in their position.

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

• On Monday, September 21st, Athabasca Oil Corporation acquired 49,400 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.08 per share, for a total transaction of C$497,952.00.
• On Wednesday, September 23rd, Athabasca Oil Corporation bought 49,400 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.10 per share, for a total transaction 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 cost of C$10.20 per share, with a total value 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 price of C$10.23 per share, with a total value 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, for a total transaction of C$498,465.00.
• On Tuesday, September 29th, Athabasca Oil Corporation purchased 48,700 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.28 per share, for a total transaction of C$500,636.00.
• On Wednesday, August 19th, Athabasca Oil Corporation acquired 46,200 shares of Athabasca Oil stock. The shares were 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 acquired 45,500 shares of Athabasca Oil stock. The stock was 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 bought 45,300 shares of Athabasca Oil stock. The shares were bought at an average price of C$11.06 per share, for a total transaction of C$501,018.00.
• On Monday, August 24th, Athabasca Oil Corporation bought 46,400 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.78 per share, for a total transaction of C$500,192.00.

Athabasca Oil Stock Up 0.6%

TSE:ATH traded up C$0.06 during trading hours on Thursday, reaching C$10.45. The company had a trading volume of 1,131,948 shares, compared to its average volume of 2,449,784. Athabasca Oil Co. has a twelve month low of C$6.11 and a twelve month 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. The firm has a market cap of C$5.03 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of -0.51 and a beta of -0.17. The business's 50-day simple moving average is C$10.60 and its two-hundred day simple moving average is C$10.81.

Athabasca Oil (TSE:ATH - Get Free Report) last released its quarterly earnings data 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 for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. On average, equities analysts expect that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the stock a "buy" rating in a research report on Thursday, June 4th. Desjardins set a C$12.50 price target on shares of Athabasca Oil and gave the company a "hold" rating in a research note on Friday, July 17th. BMO Capital Markets downgraded shares of Athabasca Oil from an "outperform" rating to a "hold" rating and set a C$12.50 price objective on the stock. in a report on Wednesday, September 16th. Finally, Royal Bank Of Canada set a C$12.00 price objective on shares of Athabasca Oil and gave the company a "sector perform" rating in a research note on Thursday, September 10th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$11.56.

About Athabasca Oil

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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