Athabasca Oil Corporation Acquires 45,500 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 45,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average price of C$11.02 per share, with a total value of C$501,410.00. Following the transaction, the insider directly owned 668,200 shares in the company, valued at C$7,363,564. This 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 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 Friday, August 21st, Athabasca Oil Corporation acquired 45,300 shares of Athabasca Oil stock. The stock was acquired at an average cost 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 stock was 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 bought 47,600 shares of Athabasca Oil stock. The shares were bought at an average cost 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 bought 43,800 shares of Athabasca Oil stock. The stock was purchased 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 acquired 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 purchased 46,900 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.68 per share, with a total value of C$500,892.00.
• On Monday, July 20th, Athabasca Oil Corporation purchased 38,100 shares of Athabasca Oil stock. The shares were bought at an average price 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 stock was purchased at an average price of C$10.79 per share, for a total transaction of C$419,731.00.

Athabasca Oil Stock Up 2.2%

Shares of TSE ATH traded up C$0.23 during trading hours on Tuesday, hitting C$10.86. The stock had a trading volume of 846,969 shares, compared to its average volume of 2,465,573. The company has a debt-to-equity ratio of 10.95, a quick ratio of 1.24 and a current ratio of 1.90. The company has a market capitalization of C$5.23 billion, a P/E ratio of 23.11, a P/E/G ratio of -0.51 and a beta of -0.23. Athabasca Oil Co. has a 52 week low of C$5.98 and a 52 week high of C$12.86. The firm’s 50-day moving average price is C$10.52 and its two-hundred day moving average price is C$10.52.

Athabasca Oil (TSE:ATH) last released 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 net margin of 17.68% and a return on equity of 12.57%. The business had revenue of C$306.54 million for the quarter. Analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ATH. Desjardins set a C$12.50 target price on Athabasca Oil and gave the stock a “hold” rating in a research report on Friday, July 17th. Jefferies Financial Group set a C$14.00 price target on shares of Athabasca Oil and gave the company a “buy” rating in a research report on Thursday, June 4th. Finally, Royal Bank Of Canada lifted their price objective on 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. Three 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.com, the company has a consensus rating of “Hold” and a consensus price target of C$11.50.

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.