Athabasca Oil (TSE:ATH) Insider Purchases C$862,046.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 127,900 shares of the company’s stock in a transaction dated Friday, October 10th. The shares were bought at an average cost of C$6.74 per share, for a total transaction of C$862,046.00. Following the acquisition, the insider owned 1,011,000 shares in the company, valued at approximately C$6,814,140. The trade was a 14.48% 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 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 purchased 128,400 shares of Athabasca Oil stock. The shares were 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 purchased 128,800 shares of Athabasca Oil stock. The shares were 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 bought 127,000 shares of Athabasca Oil stock. The shares were purchased at an average price 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 price of C$6.80 per share, for a total transaction of C$862,240.00.
• On Wednesday, October 8th, Athabasca Oil Corporation bought 122,200 shares of Athabasca Oil stock. The stock was purchased at an average price of C$7.07 per share, for a total transaction of C$863,954.00.
• On Thursday, October 9th, Athabasca Oil Corporation purchased 121,900 shares of Athabasca Oil stock. The stock was acquired 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 purchased 137,500 shares of Athabasca Oil stock. The stock was acquired 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 purchased 132,200 shares of Athabasca Oil stock. The stock was acquired at an average price of C$6.53 per share, for a total transaction of C$863,266.00.
• On Wednesday, October 15th, Athabasca Oil Corporation purchased 133,500 shares of Athabasca Oil stock. The stock was bought at an average price of C$6.47 per share, for a total transaction of C$863,745.00.

Athabasca Oil Trading Up 2.0%

Shares of TSE ATH traded up C$0.14 during mid-day trading on Monday, reaching C$7.03. The company had a trading volume of 1,024,016 shares, compared to its average volume of 2,397,190. Athabasca Oil Co. has a 52 week low of C$4.05 and a 52 week high of C$7.20. The business’s 50-day moving average is C$6.51 and its 200-day moving average is C$5.81. The stock has a market cap 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 current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ATH. TD Securities upped their price objective 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. Raymond James Financial raised their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 in a research note on Thursday. Royal Bank Of Canada raised their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Finally, Scotiabank increased 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. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Athabasca Oil presently has an average rating of “Hold” and a consensus target price 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.