Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Buys 127,800 Shares

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 127,800 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The shares were purchased at an average cost of C$6.73 per share, for a total transaction of C$860,094.00. Following the completion of the transaction, the insider directly owned 2,464,300 shares in the company, valued at C$16,584,739. The trade was a 5.47% increase in their position.

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

• On Wednesday, October 1st, Athabasca Oil Corporation bought 128,000 shares of Athabasca Oil stock. The stock was 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 purchased at an average price 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 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 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 purchased 126,800 shares of Athabasca Oil stock. The stock was 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 purchased 122,200 shares of Athabasca Oil stock. The shares were acquired 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 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 stock was 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 bought 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 bought 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 TSE ATH opened at C$7.05 on Tuesday. The firm’s 50-day moving average price is C$6.53 and its 200-day moving average price is C$5.82. Athabasca Oil Co. has a 52-week low of C$4.05 and a 52-week high of C$7.20. The company has a market cap of C$3.43 billion, a PE ratio of 8.10, a PEG ratio of -0.51 and a beta of 0.99. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Scotiabank boosted their target price 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. Raymond James Financial lifted their price objective on Athabasca Oil from C$6.50 to C$7.00 in a report on Thursday, October 30th. Royal Bank Of Canada upped their price objective 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. Finally, TD Securities raised their target price 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. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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.