Athabasca Oil (TSE:ATH) Insider Purchases C$515,900.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 46,900 shares of the company’s stock in a transaction on Friday, May 29th. The shares were bought at an average price of C$11.00 per share, for a total transaction of C$515,900.00. Following the transaction, the insider owned 957,400 shares of the company’s stock, valued at approximately C$10,531,400. This represents a 5.15% increase in their ownership of the stock.

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

• On Tuesday, May 26th, Athabasca Oil Corporation bought 44,900 shares of Athabasca Oil stock. The shares were bought at an average price of C$11.53 per share, for a total transaction of C$517,697.00.
• On Wednesday, May 27th, Athabasca Oil Corporation bought 45,400 shares of Athabasca Oil stock. The shares were bought at an average price of C$11.09 per share, for a total transaction of C$503,486.00.
• On Thursday, May 28th, Athabasca Oil Corporation bought 45,700 shares of Athabasca Oil stock. The shares were bought at an average price of C$11.31 per share, for a total transaction of C$516,867.00.

Athabasca Oil Stock Performance

Shares of TSE:ATH traded up C$0.44 during trading on Monday, hitting C$11.35. 1,523,019 shares of the company were exchanged, compared to its average volume of 2,856,215. The company has a market cap of C$5.49 billion, a PE ratio of 25.22, a P/E/G ratio of -0.51 and a beta of 0.12. The stock has a 50 day moving average of C$11.15 and a 200 day moving average of C$8.98. Athabasca Oil Co. has a 52-week low of C$5.19 and a 52-week high of C$12.86. The company has a debt-to-equity ratio of 11.35, a current ratio of 1.74 and a quick ratio of 1.24.

Athabasca Oil (TSE:ATH) last posted its earnings results on Thursday, May 7th. The oil and gas exploration company reported C$0.10 earnings per share (EPS) for the quarter. The firm had revenue of C$355.58 million for the quarter. Athabasca Oil had a return on equity of 12.23% and a net margin of 16.25%. As a group, equities research analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ATH. Raymond James Financial upgraded Athabasca Oil from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from C$8.00 to C$13.00 in a research report on Monday, March 30th. National Bank Financial increased their target price on Athabasca Oil from C$9.00 to C$12.50 and gave the stock an “outperform” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada increased their price objective on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Finally, TD Securities increased their price objective on Athabasca Oil from C$6.50 to C$8.00 and gave the stock a “hold” rating in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$10.38.

About Athabasca Oil

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.