Athabasca Oil (TSE:ATH) Stock: Insider Athabasca Oil Corporation Acquires 49,200 Shares

Key Points

• Athabasca Oil Corporation bought 49,200 shares at an average C$10.20 each, investing C$501,840 and increasing its stake by 6.22% to 840,700 shares. The purchase was part of a broader series of insider acquisitions during August and September.
• Athabasca Oil shares rose 0.6% to C$10.45, giving the company a market capitalization of approximately C$5.03 billion. The stock has traded between C$6.11 and C$12.86 over the past year.
• Analyst sentiment is mixed but averages a “Hold” rating, with an average price target of C$11.56; targets range from C$12.00 to C$14.00.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation purchased 49,200 shares of Athabasca Oil stock in a transaction dated Thursday, September 24th. The shares were purchased at an average cost of C$10.20 per share, for a total transaction of C$501,840.00. Following the transaction, the insider owned 840,700 shares in the company, valued at approximately C$8,575,140. This trade represents a 6.22% 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 price of C$10.08 per share, with a total value of C$497,952.00.
• On Tuesday, September 22nd, Athabasca Oil Corporation bought 49,500 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.14 per share, with a total value of C$501,930.00.
• On Wednesday, September 23rd, Athabasca Oil Corporation purchased 49,400 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.10 per share, for a total transaction of C$498,940.00.
• On Friday, September 25th, Athabasca Oil Corporation acquired 48,600 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.23 per share, with a total value of C$497,178.00.
• On Monday, September 28th, Athabasca Oil Corporation bought 47,700 shares of Athabasca Oil stock. The stock was bought 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 acquired 48,700 shares of Athabasca Oil stock. The stock was bought 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 bought 45,500 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$11.02 per share, for a total transaction of C$501,410.00.
• On Friday, August 21st, Athabasca Oil Corporation purchased 45,300 shares of Athabasca Oil stock. The shares were purchased 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 purchased 46,400 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.78 per share, for a total transaction of C$500,192.00.

Athabasca Oil Trading Up 0.6%

Shares of ATH traded up C$0.06 during midday trading on Thursday, hitting C$10.45. 1,131,948 shares of the stock were exchanged, compared to its average volume of 2,449,784. Athabasca Oil Co. has a 52-week low of C$6.11 and a 52-week 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. The stock has a fifty day simple moving average of C$10.60 and a 200 day simple moving average of C$10.81. The firm has a market cap of C$5.03 billion, a P/E ratio of 22.23, a P/E/G ratio of -0.51 and a beta of -0.17.

Athabasca Oil (TSE:ATH - Get Free Report) last posted 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. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%.The firm had revenue of C$306.54 million for the quarter. On average, research analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ATH shares. 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. Desjardins set a C$12.50 target price on shares of Athabasca Oil and gave the stock a "hold" rating in a research note on Friday, July 17th. BMO Capital Markets lowered shares of Athabasca Oil from an "outperform" rating to a "hold" rating and set a C$12.50 target price on the stock. in a report on Wednesday, September 16th. Finally, Jefferies Financial Group set a C$14.00 price target on shares of Athabasca Oil and gave the stock a "buy" rating in a research note on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average 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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