Athabasca Oil (TSE:ATH) Insider Buys C$860,160.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 128,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was bought at an average cost of C$6.72 per share, with a total value of C$860,160.00. Following the completion of the transaction, the insider directly owned 290,000 shares in the company, valued at C$1,948,800. The trade was a 79.01% increase in their ownership of the stock.

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

• On Thursday, October 2nd, Athabasca Oil Corporation acquired 128,400 shares of Athabasca Oil stock. The stock was bought at an average cost of C$6.72 per share, with a total value of C$862,848.00.
• On Friday, October 3rd, Athabasca Oil Corporation acquired 128,800 shares of Athabasca Oil stock. The stock was bought at an average cost of C$6.69 per share, with a total value of C$861,672.00.
• On Monday, October 6th, Athabasca Oil Corporation purchased 127,000 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$6.79 per share, with a total value of C$862,330.00.
• On Tuesday, October 7th, Athabasca Oil Corporation purchased 126,800 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$6.80 per share, with a total value of C$862,240.00.
• On Wednesday, October 8th, Athabasca Oil Corporation purchased 122,200 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$7.07 per share, with a total value of C$863,954.00.
• On Thursday, October 9th, Athabasca Oil Corporation purchased 121,900 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$7.09 per share, with a total value of C$864,271.00.
• On Friday, October 10th, Athabasca Oil Corporation purchased 127,900 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$6.74 per share, with a total value of C$862,046.00.
• On Friday, October 10th, Athabasca Oil Corporation purchased 137,500 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$6.26 per share, with a total value of C$860,750.00.
• On Tuesday, October 14th, Athabasca Oil Corporation purchased 132,200 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$6.53 per share, with a total value of C$863,266.00.
• On Wednesday, October 15th, Athabasca Oil Corporation purchased 133,500 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$6.47 per share, with a total value of C$863,745.00.

Athabasca Oil Stock Performance

ATH opened at C$7.08 on Thursday. Athabasca Oil Co. has a 12-month low of C$4.05 and a 12-month high of C$7.20. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55. The firm has a market capitalization of C$3.44 billion, a PE ratio of 8.14, a P/E/G ratio of -0.51 and a beta of 0.78. The firm has a 50 day moving average of C$6.56 and a two-hundred day moving average of C$5.84.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ATH shares. Royal Bank Of Canada lifted their target price on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. TD Securities lifted their target price on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company a “hold” rating in a report on Thursday, October 30th. Raymond James Financial lifted their target price on shares of Athabasca Oil from C$6.50 to C$7.00 in a report on Thursday, October 30th. Finally, Scotiabank lifted their target price on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$6.80.

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.