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

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 129,800 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was bought at an average cost of C$6.82 per share, with a total value of C$885,236.00. Following the completion of the purchase, the insider owned 2,844,700 shares of the company’s stock, valued at C$19,400,854. This represents 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 bought 128,000 shares of Athabasca Oil stock. The shares were acquired 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 bought 128,400 shares of Athabasca Oil stock. The shares were acquired 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 bought 128,800 shares of Athabasca Oil stock. The shares were acquired 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 shares were acquired at an average cost of C$6.79 per share, with a total value of C$862,330.00.
• On Tuesday, October 7th, Athabasca Oil Corporation bought 126,800 shares of Athabasca Oil stock. The shares were acquired at an average cost 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 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 purchased 121,900 shares of Athabasca Oil stock. The shares were purchased 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 shares were purchased 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 shares were purchased 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 purchased 132,200 shares of Athabasca Oil stock. The shares were purchased at an average price of C$6.53 per share, for a total transaction of C$863,266.00.

Athabasca Oil Stock Up 2.0%

Shares of TSE:ATH traded up C$0.14 during trading on Monday, reaching C$7.03. 1,024,016 shares of the stock traded hands, compared to its average volume of 2,397,190. The stock has a 50-day moving average of C$6.51 and a two-hundred day moving average of C$5.81. 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. The stock has a market cap of C$3.42 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of -0.51 and a beta of 0.99.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Scotiabank lifted their price target on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Royal Bank Of Canada lifted their price target on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. TD Securities lifted their price target on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the company a “hold” rating in a report on Thursday. Finally, Raymond James Financial boosted their target price on shares of Athabasca Oil from C$6.50 to C$7.00 in a report on Thursday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Athabasca Oil currently has an average 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.