Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Buys 135,200 Shares

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 135,200 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The shares were acquired at an average price of C$6.36 per share, with a total value of C$859,872.00. Following the purchase, the insider owned 1,822,900 shares in the company, valued at C$11,593,644. This trade represents a 8.01% 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 stock was purchased 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 purchased 128,400 shares of Athabasca Oil stock. The stock was purchased 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 purchased 128,800 shares of Athabasca Oil stock. The stock was purchased 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 purchased 127,000 shares of Athabasca Oil stock. The stock was purchased 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 stock was bought 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 bought 122,200 shares of Athabasca Oil stock. The stock was bought at an average cost of C$7.07 per share, with a total value of C$863,954.00.
• On Thursday, October 9th, Athabasca Oil Corporation bought 121,900 shares of Athabasca Oil stock. The stock was bought at an average cost 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 stock was bought at an average cost of C$6.74 per share, with a total value of C$862,046.00.
• On Friday, October 10th, Athabasca Oil Corporation bought 137,500 shares of Athabasca Oil stock. The stock was bought 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 stock was bought at an average cost of C$6.53 per share, with a total value of C$863,266.00.

Athabasca Oil Price Performance

Shares of ATH traded up C$0.14 during mid-day trading on Monday, reaching C$7.03. The company had a trading volume of 1,024,016 shares, compared to its average volume of 2,397,190. Athabasca Oil Co. has a twelve month low of C$4.05 and a twelve month 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 company’s 50-day moving average is C$6.51 and its 200-day moving average is C$5.81. The company has a market capitalization of C$3.42 billion, a P/E ratio of 8.08, a P/E/G ratio of -0.51 and a beta of 0.99.

Analyst Ratings Changes

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