Athabasca Oil (TSE:ATH) Insider Purchases C$499,954.00 in Stock

Key Points

• Athabasca Oil insiders purchased 46,900 shares at C$10.66 each, totaling C$499,954, increasing their holdings to 854,400 shares—up 5.81%.
• The company reported quarterly earnings of C$0.13 per share on C$306.54 million in revenue, with a 17.68% net margin and 12.57% return on equity.
• Analysts’ consensus rating is “Hold”, with 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 purchased 46,900 shares of the firm's stock in a transaction on Wednesday, August 26th. The stock was bought at an average price of C$10.66 per share, with a total value of C$499,954.00. Following the completion of the purchase, the insider owned 854,400 shares of the company's stock, valued at approximately C$9,107,904. This represents a 5.81% 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 purchased 45,300 shares of Athabasca Oil stock. The stock was acquired 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 acquired 46,400 shares of Athabasca Oil stock. The shares were 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 acquired at an average price of C$10.54 per share, for a total transaction of C$501,704.00.
• On Thursday, August 27th, Athabasca Oil Corporation acquired 43,800 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.80 per share, for a total transaction of C$473,040.00.
• On Friday, August 28th, Athabasca Oil Corporation purchased 49,100 shares of Athabasca Oil stock. The stock was bought 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 bought 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 bought 38,100 shares of Athabasca Oil stock. The shares were acquired 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 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 ATH traded up C$0.23 during trading hours on Tuesday, reaching C$10.86. The stock had a trading volume of 846,969 shares, compared to its average volume of 2,465,573. The company has a debt-to-equity ratio of 10.95, a quick ratio of 1.24 and a current ratio of 1.90. The stock has a market capitalization of C$5.23 billion, a PE ratio of 23.11, a PEG ratio of -0.51 and a beta of -0.23. Athabasca Oil Co. has a 12 month low of C$5.98 and a 12 month high of C$12.86. The company's 50-day moving average is C$10.52 and its two-hundred day moving average is C$10.52.

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 for the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%.The company had revenue of C$306.54 million for the quarter. Research analysts expect that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Analysts Set New Price Targets

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