Insider Buying: Athabasca Oil (TSE:ATH) Insider Purchases C$499,884.00 in Stock

Key Points

• Insider buying continued: Athabasca Oil Corporation purchased 46,200 shares for C$499,884 at C$10.82 each, increasing its position by 8.01% to 622,700 shares. The company also made several additional purchases in July and August, generally worth about C$500,000 each.
• Shares rose 2.2%: ATH traded at C$10.86, with a market capitalization of approximately C$5.23 billion. The stock remains below its one-year high of C$12.86 but above its one-year low of C$5.98.
• Analysts remain cautious: Athabasca Oil has an average “Hold” rating and a consensus price target of C$11.50, despite some analysts assigning Buy ratings and targets as high as C$14.00.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation purchased 46,200 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were acquired at an average price of C$10.82 per share, with a total value of C$499,884.00. Following the transaction, the insider owned 622,700 shares in the company, valued at approximately C$6,737,614. The trade was a 8.01% increase in their position.

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

• On Thursday, August 20th, Athabasca Oil Corporation purchased 45,500 shares of Athabasca Oil stock. The stock was bought 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 acquired 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 acquired at an average price of C$10.78 per share, for a total transaction of C$500,192.00.
• On Tuesday, August 25th, Athabasca Oil Corporation acquired 47,600 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.54 per share, for a total transaction of C$501,704.00.
• On Wednesday, August 26th, Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.66 per share, for a total transaction of C$499,954.00.
• On Thursday, August 27th, Athabasca Oil Corporation acquired 43,800 shares of Athabasca Oil stock. The stock was purchased 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 acquired 49,100 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.67 per share, with a total value of C$523,897.00.
• On Monday, August 31st, Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.68 per share, with a total value of C$500,892.00.
• On Monday, July 20th, Athabasca Oil Corporation acquired 38,100 shares of Athabasca Oil stock. The shares were purchased 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 purchased 38,900 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.79 per share, for a total transaction of C$419,731.00.

Athabasca Oil Stock Up 2.2%

ATH stock traded up C$0.23 during trading on Tuesday, hitting C$10.86. 846,969 shares of the stock traded hands, compared to its average volume of 2,465,573. The stock has a market cap of C$5.23 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of -0.51 and a beta of -0.23. The company has a debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24. The firm's 50 day moving average is C$10.52 and its two-hundred day moving average is C$10.52. Athabasca Oil Co. has a 1 year low of C$5.98 and a 1 year high of C$12.86.

Athabasca Oil (TSE:ATH - Get Free Report) last posted 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 firm had revenue of C$306.54 million during the quarter. On average, sell-side analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Analyst Upgrades and Downgrades

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