Athabasca Oil (TSE:ATH) Stock: Insider Athabasca Oil Corporation Purchases 48,700 Shares

Key Points

• Athabasca Oil Corporation purchased 48,700 shares at an average C$10.28 per share, investing C$500,636 and increasing its direct ownership by 5.20% to 985,700 shares.
• The insider has made multiple purchases since August, generally investing about C$500,000 per transaction, signaling sustained buying activity.
• Athabasca Oil shares rose 0.6% to C$10.45, while analysts maintained a consensus “Hold” rating with an average price target of C$11.56.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation bought 48,700 shares of Athabasca Oil stock in a transaction dated Tuesday, September 29th. The stock was purchased at an average price of C$10.28 per share, for a total transaction of C$500,636.00. Following the purchase, the insider directly owned 985,700 shares in the company, valued at C$10,132,996. This represents a 5.20% increase in their position.

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

• On Monday, September 21st, Athabasca Oil Corporation bought 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 Tuesday, September 22nd, Athabasca Oil Corporation purchased 49,500 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.14 per share, for a total transaction of C$501,930.00.
• On Wednesday, September 23rd, Athabasca Oil Corporation purchased 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 acquired 49,200 shares of Athabasca Oil stock. The stock was acquired at an average price 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 shares were acquired at an average price of C$10.23 per share, for a total transaction of C$497,178.00.
• On Monday, September 28th, Athabasca Oil Corporation bought 47,700 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.45 per share, for a total transaction of C$498,465.00.
• On Wednesday, August 19th, Athabasca Oil Corporation bought 46,200 shares of Athabasca Oil stock. The stock was acquired at an average price 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, 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 stock was bought 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 purchased 46,400 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.78 per share, with a total value of C$500,192.00.

Athabasca Oil Trading Up 0.6%

TSE:ATH traded up C$0.06 during trading hours on Thursday, hitting C$10.45. 1,131,948 shares of the stock were exchanged, compared to its average volume of 2,449,784. The company's 50 day moving average is C$10.60 and its two-hundred day moving average is C$10.81. 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 company has a market capitalization of C$5.03 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of -0.51 and a beta of -0.17.

Athabasca Oil (TSE:ATH - Get Free Report) last released its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS for the quarter. The company had revenue of C$306.54 million during the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%. On average, sell-side 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 research analysts have issued reports on ATH shares. Jefferies Financial Group set a C$14.00 target price on shares of Athabasca Oil and gave the company a "buy" rating in a research report on Thursday, June 4th. BMO Capital Markets downgraded Athabasca Oil from an "outperform" rating to a "hold" rating and set a C$12.50 price target on the stock. in a research note on Wednesday, September 16th. Royal Bank Of Canada set a C$12.00 price objective on Athabasca Oil and gave the stock a "sector perform" rating in a research note 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 report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Athabasca Oil currently has a consensus 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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