Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Buys 126,300 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 126,300 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were purchased at an average price of C$6.81 per share, with a total value of C$860,103.00. Following the completion of the acquisition, the insider owned 2,081,500 shares of the company’s stock, valued at C$14,175,015. This represents a 6.46% increase in their position.

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 shares were purchased at an average cost of C$6.72 per share, with a total value of C$860,160.00.
• On Thursday, October 2nd, Athabasca Oil Corporation purchased 128,400 shares of Athabasca Oil stock. The shares were acquired 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 acquired at an average price of C$6.69 per share, for a total transaction of C$861,672.00.
• On Monday, October 6th, Athabasca Oil Corporation acquired 127,000 shares of Athabasca Oil stock. The stock was acquired 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 bought 126,800 shares of Athabasca Oil stock. The shares were acquired at an average price of C$6.80 per share, with a total value of C$862,240.00.
• On Wednesday, October 8th, Athabasca Oil Corporation bought 122,200 shares of Athabasca Oil stock. The stock was 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, 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 acquired at an average price of C$6.74 per share, with a total value of C$862,046.00.
• On Friday, October 10th, Athabasca Oil Corporation acquired 137,500 shares of Athabasca Oil stock. The stock was bought at an average price of C$6.26 per share, with a total value of C$860,750.00.
• On Tuesday, October 14th, Athabasca Oil Corporation bought 132,200 shares of Athabasca Oil stock. The stock was bought at an average cost of C$6.53 per share, for a total transaction of C$863,266.00.

Athabasca Oil Stock Performance

Shares of TSE ATH opened at C$7.05 on Tuesday. 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 stock has a 50 day moving average price of C$6.53 and a 200 day moving average price of C$5.82. The stock has a market capitalization of C$3.43 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of -0.51 and a beta of 0.99. Athabasca Oil Co. has a 52 week low of C$4.05 and a 52 week high of C$7.20.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ATH shares. Raymond James Financial increased their price objective on Athabasca Oil from C$6.50 to C$7.00 in a report on Thursday, October 30th. TD Securities increased their price target on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. Scotiabank boosted their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Finally, Royal Bank Of Canada upped 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. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average 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.