Athabasca Oil (TSE:ATH) Insider Purchases C$859,350.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 127,500 shares of the business’s stock in a transaction that occurred on Friday, October 24th. The stock was bought at an average price of C$6.74 per share, with a total value of C$859,350.00. Following the completion of the purchase, the insider owned 2,209,000 shares of the company’s stock, valued at C$14,888,660. This trade represents a 6.13% increase in their position.

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 cost of C$6.72 per share, for a total transaction 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 cost 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 bought at an average cost 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 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 shares were bought at an average cost 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 shares were bought 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 purchased 121,900 shares of Athabasca Oil stock. The shares were bought 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 purchased 127,900 shares of Athabasca Oil stock. The shares were bought 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 purchased 137,500 shares of Athabasca Oil stock. The shares were bought 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 purchased 132,200 shares of Athabasca Oil stock. The shares were bought at an average cost of C$6.53 per share, for a total transaction of C$863,266.00.

Athabasca Oil Trading Up 1.9%

Shares of TSE:ATH opened at C$7.08 on Thursday. The company has a market capitalization of C$3.44 billion, a P/E 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 current ratio of 2.54 and a quick ratio of 1.24. The business’s 50 day simple moving average is C$6.56 and its 200 day simple moving average is C$5.84.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ATH. Royal Bank Of Canada upped their target price on 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. Raymond James Financial upped their target price on Athabasca Oil from C$6.50 to C$7.00 in a research note on Thursday, October 30th. Scotiabank upped 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 note on Thursday, October 9th. Finally, TD Securities upped their target price on 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. One investment 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 has an average rating of “Hold” and a consensus 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.