Insider Buying: Athabasca Oil (TSE:ATH) Insider Buys 132,200 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 132,200 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The stock was acquired at an average price of C$6.53 per share, with a total value of C$863,266.00. Following the completion of the purchase, the insider owned 1,280,700 shares in the company, valued at C$8,362,971. This represents a 11.51% increase in their ownership of the stock.

Athabasca Oil Corporation also recently made the following trade(s):

• On Wednesday, October 1st, Athabasca Oil Corporation acquired 128,000 shares of Athabasca Oil stock. The stock was acquired 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 bought 128,400 shares of Athabasca Oil stock. The stock was 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 acquired 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 acquired 127,000 shares of Athabasca Oil stock. The shares were purchased 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 purchased 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 bought 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 cost of C$7.09 per share, with a total value of C$864,271.00.
• On Friday, October 10th, Athabasca Oil Corporation acquired 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 purchased 137,500 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$6.26 per share, with a total value of C$860,750.00.
• On Wednesday, October 15th, Athabasca Oil Corporation bought 133,500 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$6.47 per share, with a total value of C$863,745.00.

Athabasca Oil Price Performance

Athabasca Oil stock traded up C$0.14 during 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 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. The firm’s 50-day simple moving average is C$6.51 and its 200 day simple moving average is C$5.81. The firm has a market capitalization of C$3.42 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of -0.51 and a beta of 0.99.

Wall Street Analysts Forecast Growth

ATH has been the topic of several research analyst reports. Raymond James Financial boosted their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 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 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 report on Thursday, October 9th. Finally, TD Securities increased their price target on Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a report on Thursday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.