Athabasca Oil Corporation Purchases 46,200 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 46,200 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were bought at an average cost of C$10.82 per share, for a total transaction of C$499,884.00. Following the transaction, the insider owned 622,700 shares in the company, valued at 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 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 stock was 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 acquired 46,400 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.78 per share, with a total value of C$500,192.00.
• On Tuesday, August 25th, Athabasca Oil Corporation purchased 47,600 shares of Athabasca Oil stock. The shares were purchased 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 bought 46,900 shares of Athabasca Oil stock. The shares were acquired at an average price 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 bought 49,100 shares of Athabasca Oil stock. The shares were acquired at an average cost 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 stock was 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 acquired 38,100 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.73 per share, with a total value of C$408,813.00.
• On Tuesday, July 21st, Athabasca Oil Corporation bought 38,900 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.79 per share, for a total transaction of C$419,731.00.

Athabasca Oil Trading Up 2.2%

Shares of TSE:ATH traded up C$0.23 during mid-day trading on Tuesday, reaching C$10.86. 846,969 shares of the company were exchanged, compared to its average volume of 2,465,573. The firm’s 50-day simple moving average is C$10.52 and its 200 day simple moving average is C$10.52. The company has a debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24. Athabasca Oil Co. has a 1 year low of C$5.98 and a 1 year high of C$12.86. The firm has a market cap 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) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS 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 during the quarter. Equities research analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on ATH. 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. Desjardins set a C$12.50 price objective on shares of Athabasca Oil and gave the company a “hold” rating in a research note on Friday, July 17th. Finally, Jefferies Financial Group set a C$14.00 price objective on Athabasca Oil and gave the stock a “buy” rating in a research note 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.