Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Purchases 128,400 Shares

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 128,400 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was acquired at an average cost of C$6.72 per share, with a total value of C$862,848.00. Following the acquisition, the insider directly owned 418,400 shares in the company, valued at approximately C$2,811,648. This trade represents a 44.28% 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 shares were purchased at an average cost of C$6.72 per share, with a total value of C$860,160.00.
• On Friday, October 3rd, Athabasca Oil Corporation purchased 128,800 shares of Athabasca Oil stock. The shares were purchased 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 purchased 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 purchased 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 purchased 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 acquired 121,900 shares of Athabasca Oil stock. The stock was bought 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 acquired 127,900 shares of Athabasca Oil stock. The stock was bought 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 acquired 137,500 shares of Athabasca Oil stock. The stock was bought 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 acquired 132,200 shares of Athabasca Oil stock. The stock was bought 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 acquired 133,500 shares of Athabasca Oil stock. The stock was bought at an average cost of C$6.47 per share, with a total value of C$863,745.00.

Athabasca Oil Price Performance

TSE:ATH traded up C$0.14 on Monday, hitting C$7.03. The company had a trading volume of 1,024,016 shares, compared to its average volume of 2,397,190. The stock has a market capitalization of C$3.42 billion, a price-to-earnings ratio of 8.08, a PEG ratio of -0.51 and a beta of 0.99. 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 50 day moving average of C$6.51 and a two-hundred day moving average of C$5.81. Athabasca Oil Co. has a 52 week low of C$4.05 and a 52 week high of C$7.20.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ATH. TD Securities raised 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. Royal Bank Of Canada raised their price target on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Raymond James Financial raised their price target on shares of Athabasca Oil from C$6.50 to C$7.00 in a research note on Thursday. Finally, Scotiabank raised their price target on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, 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.