Athabasca Oil (TSE:ATH) Stock: Insider Athabasca Oil Corporation Purchases 49,400 Shares

Key Points

• Athabasca Oil Corporation insider buying continued: The insider purchased 49,400 shares at C$10.10 each, investing C$498,940 and increasing its position by 6.66% to 791,500 shares. Multiple additional purchases in August and September brought the buying program to roughly C$5 million.
• The stock edged higher by C$0.06 to C$10.45, giving Athabasca Oil a market capitalization of approximately C$5.03 billion. The shares remained below their 50-day and 200-day moving averages of C$10.60 and C$10.81, respectively.
• Analyst sentiment was mixed but leaned neutral: Three analysts rated the stock a Buy and five rated it Hold, resulting in a consensus Hold rating and an average price target of C$11.56.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation acquired 49,400 shares of the business's stock in a transaction dated Wednesday, September 23rd. The stock was acquired at an average price of C$10.10 per share, for a total transaction of C$498,940.00. Following the completion of the transaction, the insider owned 791,500 shares in the company, valued at approximately C$7,994,150. The trade was a 6.66% increase in their position.

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

• On Monday, September 21st, Athabasca Oil Corporation purchased 49,400 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.08 per share, with a total value of C$497,952.00.
• On Tuesday, September 22nd, Athabasca Oil Corporation acquired 49,500 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.14 per share, for a total transaction of C$501,930.00.
• On Thursday, September 24th, Athabasca Oil Corporation bought 49,200 shares of Athabasca Oil stock. The stock was bought 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 acquired 48,600 shares of Athabasca Oil stock. The stock was bought 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 bought 47,700 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.45 per share, for a total transaction of C$498,465.00.
• On Tuesday, September 29th, Athabasca Oil Corporation bought 48,700 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.28 per share, with a total value of C$500,636.00.
• On Wednesday, August 19th, Athabasca Oil Corporation purchased 46,200 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.82 per share, for a total transaction of C$499,884.00.
• On Thursday, August 20th, Athabasca Oil Corporation acquired 45,500 shares of Athabasca Oil stock. The shares were purchased 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 bought 45,300 shares of Athabasca Oil stock. The shares were 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 bought 46,400 shares of Athabasca Oil stock. The stock was acquired 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 mid-day trading on Thursday, hitting C$10.45. 1,131,948 shares of the company's stock were exchanged, compared to its average volume of 2,449,784. The company has a market cap of C$5.03 billion, a PE ratio of 22.23, a P/E/G ratio of -0.51 and a beta of -0.17. The company has a debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24. Athabasca Oil Co. has a one year low of C$6.11 and a one year high of C$12.86. The business has a fifty day moving average price of C$10.60 and a 200 day moving average price of C$10.81.

Athabasca Oil (TSE:ATH - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS for the quarter. The firm had revenue of C$306.54 million for the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%. Equities analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Wall Street Analysts Forecast Growth

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