Athabasca Oil Corporation Buys 122,200 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 122,200 shares of the business’s stock in a transaction dated Wednesday, October 8th. The shares were bought at an average cost of C$7.07 per share, with a total value of C$863,954.00. Following the transaction, the insider directly owned 761,200 shares of the company’s stock, valued at C$5,381,684. The trade was a 19.12% 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, with a total value 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, 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 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 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 stock was acquired at an average cost of C$6.80 per share, for a total transaction of C$862,240.00.
• On Thursday, October 9th, Athabasca Oil Corporation bought 121,900 shares of Athabasca Oil stock. The stock was 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 bought 127,900 shares of Athabasca Oil stock. The stock was acquired 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 bought 137,500 shares of Athabasca Oil stock. The stock was acquired 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 bought 132,200 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$6.53 per share, for a total transaction of C$863,266.00.
• On Wednesday, October 15th, Athabasca Oil Corporation bought 133,500 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$6.47 per share, for a total transaction of C$863,745.00.

Athabasca Oil Price Performance

Shares of Athabasca Oil stock opened at C$6.95 on Wednesday. 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 stock has a market capitalization of C$3.38 billion, a price-to-earnings ratio of 7.99, a P/E/G ratio of -0.51 and a beta of 0.78. Athabasca Oil Co. has a 1-year low of C$4.05 and a 1-year high of C$7.20. The firm’s 50-day moving average price is C$6.55 and its two-hundred day moving average price is C$5.83.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. TD Securities upped their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. Royal Bank Of Canada upped 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. Scotiabank upped 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, Raymond James Financial upped their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.