Insider Buying: Athabasca Oil (TSE:ATH) Insider Acquires C$861,900.00 in Stock

Athabasca Oil Co. (TSE:ATHGet Free Report) insider Athabasca Oil Corporation bought 127,500 shares of the stock in a transaction on Monday, October 27th. The stock was purchased at an average price of C$6.76 per share, for a total transaction of C$861,900.00. Following the purchase, the insider directly owned 2,336,500 shares of the company’s stock, valued at approximately C$15,794,740. This represents a 5.77% 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 price 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 bought at an average price 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 price 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 bought at an average price 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 bought 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 bought at an average price of C$7.07 per share, with a total value of C$863,954.00.
  • On Thursday, October 9th, Athabasca Oil Corporation purchased 121,900 shares of Athabasca Oil stock. The shares were bought 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 purchased 127,900 shares of Athabasca Oil stock. The shares were bought 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 shares were bought at an average price of C$6.26 per share, with a total value of C$860,750.00.
  • On Tuesday, October 14th, Athabasca Oil Corporation purchased 132,200 shares of Athabasca Oil stock. The shares were bought at an average price of C$6.53 per share, with a total value of C$863,266.00.

Athabasca Oil Stock Performance

ATH opened at C$7.08 on Thursday. The company has a market cap of C$3.44 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of -0.51 and a beta of 0.78. The stock has a 50-day moving average of C$6.56 and a 200-day moving average of C$5.84. 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 debt-to-equity ratio of 12.55, a quick ratio of 1.24 and a current ratio of 2.54.

Analyst Upgrades and Downgrades

ATH has been the subject of several recent analyst reports. Royal Bank Of Canada increased their target price on 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 increased their target price on Athabasca Oil from C$6.50 to C$7.00 in a research note on Thursday, October 30th. 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 note on Thursday, October 9th. Finally, TD Securities increased their target price on Athabasca Oil from C$6.50 to C$7.00 and gave the company a “hold” rating in a research note on Thursday, October 30th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$6.80.

Read Our Latest Stock Analysis on Athabasca Oil

About Athabasca Oil

(Get Free Report)

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.

Recommended Stories

Insider Buying and Selling by Quarter for Athabasca Oil (TSE:ATH)

Receive News & Ratings for Athabasca Oil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Athabasca Oil and related companies with MarketBeat.com's FREE daily email newsletter.