Insider Buying: Athabasca Oil (TSE:ATH) Insider Purchases C$501,704.00 in Stock

Key Points

• Athabasca Oil insiders made a series of purchases, including 47,600 shares bought for C$501,704 at an average of C$10.54 per share. The transaction increased the insider’s holdings by 6.26% to 807,500 shares.
• Athabasca Oil shares rose 2.2% to C$10.86, with the company valued at approximately C$5.23 billion. Its latest quarter showed C$0.13 in EPS and C$306.54 million in revenue.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of C$11.50; individual targets range from C$12.50 to C$14.00.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation bought 47,600 shares of the stock in a transaction dated Tuesday, August 25th. The stock was purchased at an average cost of C$10.54 per share, with a total value of C$501,704.00. Following the completion of the purchase, the insider directly owned 807,500 shares in the company, valued at approximately C$8,511,050. This trade represents a 6.26% increase in their position.

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

• On Wednesday, August 19th, Athabasca Oil Corporation acquired 46,200 shares of Athabasca Oil stock. The stock was purchased 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 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.
• On Wednesday, August 26th, Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.66 per share, with a total value of C$499,954.00.
• On Thursday, August 27th, Athabasca Oil Corporation purchased 43,800 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.80 per share, with a total value of C$473,040.00.
• On Friday, August 28th, Athabasca Oil Corporation purchased 49,100 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.67 per share, with a total value of C$523,897.00.
• On Monday, August 31st, Athabasca Oil Corporation acquired 46,900 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.68 per share, for a total transaction of C$500,892.00.
• On Monday, July 20th, Athabasca Oil Corporation acquired 38,100 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.73 per share, for a total transaction of C$408,813.00.
• On Tuesday, July 21st, Athabasca Oil Corporation bought 38,900 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.79 per share, with a total value of C$419,731.00.

Athabasca Oil Trading Up 2.2%

ATH traded up C$0.23 during trading on Tuesday, reaching C$10.86. 846,969 shares of the company's stock were exchanged, compared to its average volume of 2,465,573. The company's fifty day moving average price is C$10.52 and its 200-day moving average price is C$10.52. The firm has a market capitalization of C$5.23 billion, a PE ratio of 23.11, a P/E/G ratio of -0.51 and a beta of -0.23. Athabasca Oil Co. has a fifty-two week low of C$5.98 and a fifty-two 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.

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 (EPS) for the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%.The business had revenue of C$306.54 million for the quarter. As a group, equities analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Desjardins set a C$12.50 price target on Athabasca Oil and gave the company a "hold" rating in a research note on Friday, July 17th. Royal Bank Of Canada boosted their price objective on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the company a "sector perform" rating in a report on Friday, May 8th. Finally, Jefferies Financial Group set a C$14.00 target price on shares of Athabasca Oil and gave the stock a "buy" rating in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Athabasca Oil has a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source