Athabasca Oil Corporation Purchases 126,800 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 126,800 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The stock was bought at an average price of C$6.80 per share, for a total transaction of C$862,240.00. Following the completion of the acquisition, the insider directly owned 639,000 shares in the company, valued at approximately C$4,345,200. The trade was a 24.76% 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 acquired at an average price of C$6.72 per share, for a total transaction of C$860,160.00.
• On Thursday, October 2nd, Athabasca Oil Corporation bought 128,400 shares of Athabasca Oil stock. The stock was 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 bought 128,800 shares of Athabasca Oil stock. The stock was purchased at an average price of C$6.69 per share, for a total transaction of C$861,672.00.
• On Monday, October 6th, Athabasca Oil Corporation purchased 127,000 shares of Athabasca Oil stock. The shares were bought at an average price of C$6.79 per share, with a total value of C$862,330.00.
• 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 bought 121,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$7.09 per share, with a total value of C$864,271.00.
• On Friday, October 10th, Athabasca Oil Corporation bought 127,900 shares of Athabasca Oil stock. The shares were 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 purchased 137,500 shares of Athabasca Oil stock. The stock was purchased 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 bought 132,200 shares of Athabasca Oil stock. The shares were 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 bought 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 Trading Down 1.4%

Shares of ATH opened at C$6.95 on Wednesday. Athabasca Oil Co. has a 1 year low of C$4.05 and a 1 year high of C$7.20. 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 50 day simple moving average of C$6.55 and a 200-day simple moving average of C$5.83. The stock has a market cap of C$3.38 billion, a PE ratio of 7.99, a PEG ratio of -0.51 and a beta of 0.78.

Analysts Set New Price Targets

ATH has been the subject of a number of recent research reports. Scotiabank boosted their target price on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. TD Securities lifted their target price on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a report on Thursday, October 30th. Royal Bank Of Canada lifted their target price 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. Finally, Raymond James Financial lifted their price target on Athabasca Oil from C$6.50 to C$7.00 in a research note on Thursday, October 30th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$6.80.

About Athabasca Oil

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.