Insider Buying: Athabasca Oil (TSE:ATH) Insider Acquires C$501,410.00 in Stock

Key Points

• Athabasca Oil Corporation purchased 45,500 shares at an average price of C$11.02, totaling C$501,410. Following the transaction, its holdings rose 7.31% to 668,200 shares valued at approximately C$7.36 million.
• The insider made a series of additional purchases in July and August, generally investing about C$500,000 per transaction, signaling sustained buying activity.
• Athabasca Oil shares recently traded at C$10.86, while analysts’ consensus rating was “Hold” with an average price target of C$11.50; the company reported quarterly EPS of C$0.13 on revenue of C$306.54 million.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation bought 45,500 shares of the stock in a transaction on Thursday, August 20th. The shares were bought at an average cost of C$11.02 per share, with a total value of C$501,410.00. Following the purchase, the insider owned 668,200 shares of the company's stock, valued at C$7,363,564. This trade represents a 7.31% increase in their ownership of the stock.

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

• On Wednesday, August 19th, Athabasca Oil Corporation bought 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 Friday, August 21st, Athabasca Oil Corporation acquired 45,300 shares of Athabasca Oil stock. The stock was acquired at an average price of C$11.06 per share, with a total value 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 cost of C$10.78 per share, for a total transaction of C$500,192.00.
• On Tuesday, August 25th, Athabasca Oil Corporation purchased 47,600 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.54 per share, with a total value of C$501,704.00.
• On Wednesday, August 26th, Athabasca Oil Corporation acquired 46,900 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.66 per share, with a total value of C$499,954.00.
• On Thursday, August 27th, Athabasca Oil Corporation bought 43,800 shares of Athabasca Oil stock. The stock was bought at an average cost 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 shares were purchased at an average price of C$10.67 per share, for a total transaction of C$523,897.00.
• On Monday, August 31st, Athabasca Oil Corporation bought 46,900 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.68 per share, for a total transaction of C$500,892.00.
• On Monday, July 20th, Athabasca Oil Corporation bought 38,100 shares of Athabasca Oil stock. The stock was 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 shares were bought at an average cost of C$10.79 per share, with a total value of C$419,731.00.

Athabasca Oil Stock Performance

Shares of Athabasca Oil stock traded up C$0.23 during trading hours on Tuesday, hitting C$10.86. 846,969 shares of the company were exchanged, compared to its average volume of 2,465,573. Athabasca Oil Co. has a 1 year low of C$5.98 and a 1 year high of C$12.86. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95. The business has a 50-day moving average of C$10.52 and a 200-day moving average of C$10.52. The stock has a market capitalization of C$5.23 billion, a price-to-earnings ratio of 23.11, a P/E/G ratio of -0.51 and a beta of -0.23.

Athabasca Oil (TSE:ATH - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of C$306.54 million for the quarter. As a group, analysts expect that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ATH has been the subject of several analyst reports. 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. Royal Bank Of Canada lifted their price target on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the company a "sector perform" rating in a research report on Friday, May 8th. Finally, Desjardins set a C$12.50 price objective on Athabasca Oil and gave the stock a "hold" rating in a research note on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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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