Insider Buying: Athabasca Oil (TSE:ATH) Insider Buys C$885,236.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 129,800 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were purchased at an average price of C$6.82 per share, for a total transaction of C$885,236.00. Following the purchase, the insider directly owned 2,844,700 shares in the company, valued at C$19,400,854. The trade was a 4.78% 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 purchased 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 bought 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 bought 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 bought 127,000 shares of Athabasca Oil stock. The stock was bought 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 bought 126,800 shares of Athabasca Oil stock. The stock was 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 purchased 122,200 shares of Athabasca Oil stock. The stock was acquired 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 127,900 shares of Athabasca Oil stock. The stock was acquired at an average price of C$6.74 per share, for a total transaction of C$862,046.00.
• 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 acquired 132,200 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$6.53 per share, with a total value of C$863,266.00.

Athabasca Oil Stock Performance

Shares of ATH stock opened at C$7.08 on Thursday. The stock has a fifty day moving average price of C$6.56 and a 200 day moving average price of C$5.84. The stock has a market cap of C$3.44 billion, a PE ratio of 8.14, 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 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

Several equities analysts recently issued reports on ATH shares. TD Securities lifted their price objective 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 boosted their price target 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. Raymond James Financial boosted their price target on Athabasca Oil from C$6.50 to C$7.00 in a report on Thursday, October 30th. Finally, Scotiabank boosted their price target on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Athabasca Oil presently has a consensus rating of “Hold” and a consensus 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.