Athabasca Oil Corporation Purchases 129,800 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 129,800 shares of the stock in a transaction dated Friday, October 31st. The stock was purchased at an average cost of C$6.82 per share, for a total transaction of C$885,236.00. Following the completion of the purchase, the insider directly owned 2,844,700 shares of the company’s stock, valued at approximately C$19,400,854. The trade was a 4.78% increase in their ownership of the stock.

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

• On Wednesday, October 1st, Athabasca Oil Corporation purchased 128,000 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$6.72 per share, for a total transaction of C$860,160.00.
• On Thursday, October 2nd, Athabasca Oil Corporation purchased 128,400 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$6.72 per share, for a total transaction of C$862,848.00.
• On Friday, October 3rd, Athabasca Oil Corporation purchased 128,800 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$6.69 per share, for a total transaction of C$861,672.00.
• On Monday, October 6th, Athabasca Oil Corporation purchased 127,000 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$6.79 per share, for a total transaction of C$862,330.00.
• On Tuesday, October 7th, Athabasca Oil Corporation purchased 126,800 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$6.80 per share, for a total transaction of C$862,240.00.
• On Wednesday, October 8th, Athabasca Oil Corporation purchased 122,200 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$7.07 per share, for a total transaction of C$863,954.00.
• On Thursday, October 9th, Athabasca Oil Corporation acquired 121,900 shares of Athabasca Oil stock. The shares were bought at an average price of C$7.09 per share, for a total transaction of C$864,271.00.
• On Friday, October 10th, Athabasca Oil Corporation acquired 127,900 shares of Athabasca Oil stock. The shares were bought at an average price of C$6.74 per share, for a total transaction of C$862,046.00.
• On Friday, October 10th, Athabasca Oil Corporation acquired 137,500 shares of Athabasca Oil stock. The shares were bought at an average price of C$6.26 per share, for a total transaction of C$860,750.00.
• On Tuesday, October 14th, Athabasca Oil Corporation acquired 132,200 shares of Athabasca Oil stock. The shares were bought at an average price of C$6.53 per share, for a total transaction of C$863,266.00.

Athabasca Oil Stock Performance

Shares of Athabasca Oil stock opened at C$6.95 on Wednesday. Athabasca Oil Co. has a one year low of C$4.05 and a one year high of C$7.20. The company has a market cap of C$3.38 billion, a price-to-earnings ratio of 7.99, a PEG ratio of -0.51 and a beta of 0.78. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54. The business’s 50 day moving average price is C$6.55 and its 200 day moving average price is C$5.83.

Analyst Ratings Changes

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

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.