Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Purchases 124,300 Shares

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 124,300 shares of the company’s stock in a transaction dated Wednesday, October 29th. The shares were purchased at an average cost of C$6.92 per share, for a total transaction of C$860,156.00. Following the transaction, the insider directly owned 2,588,600 shares in the company, valued at approximately C$17,913,112. This represents a 5.04% increase in their position.

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

• On Wednesday, October 1st, Athabasca Oil Corporation acquired 128,000 shares of Athabasca Oil stock. The shares were bought 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 acquired 128,400 shares of Athabasca Oil stock. The shares were bought 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 acquired 128,800 shares of Athabasca Oil stock. The shares were bought 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 acquired 127,000 shares of Athabasca Oil stock. The shares were bought 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 acquired 126,800 shares of Athabasca Oil stock. The shares were bought 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 acquired 122,200 shares of Athabasca Oil stock. The shares were bought 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 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 bought at an average cost 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 cost 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 cost of C$6.53 per share, for a total transaction of C$863,266.00.

Athabasca Oil Stock Up 2.0%

ATH stock traded up C$0.14 during trading on Monday, reaching C$7.03. 1,024,016 shares of the company traded hands, compared to its average volume of 2,397,190. Athabasca Oil Co. has a 12 month low of C$4.05 and a 12 month high of C$7.20. The business has a 50 day simple moving average of C$6.51 and a 200 day simple moving average of C$5.81. The company has a market capitalization of C$3.42 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of -0.51 and a beta of 0.99. The company has a debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54.

Wall Street Analyst Weigh In

ATH has been the subject of several recent analyst reports. Scotiabank raised their price target on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Royal Bank Of Canada raised their price target on Athabasca Oil from C$6.50 to C$7.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. TD Securities raised their price target on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Raymond James Financial raised their price target on Athabasca Oil from C$6.50 to C$7.00 in a report on Thursday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently 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.