Insider Buying: Athabasca Oil (TSE:ATH) Insider Buys C$863,745.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 133,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was bought at an average cost of C$6.47 per share, with a total value of C$863,745.00. Following the purchase, the insider owned 1,414,200 shares in the company, valued at C$9,149,874. The trade was a 10.42% 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 bought 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 acquired 128,400 shares of Athabasca Oil stock. The stock was bought 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 acquired 128,800 shares of Athabasca Oil stock. The stock was bought 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 acquired 127,000 shares of Athabasca Oil stock. The stock was bought 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 acquired 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 acquired 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 acquired 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 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 acquired 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 acquired 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

ATH stock opened at C$7.08 on Thursday. The company has a fifty day moving average price of C$6.56 and a 200-day moving average price of C$5.84. The company has a market capitalization of C$3.44 billion, a P/E ratio of 8.14, a PEG ratio of -0.51 and a beta of 0.78. 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.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ATH shares. Scotiabank raised 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 research note on Thursday, October 9th. Royal Bank Of Canada raised 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 research note on Tuesday, October 7th. TD Securities raised 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 research note on Thursday, October 30th. Finally, Raymond James Financial raised their price target on shares of Athabasca Oil from C$6.50 to C$7.00 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 stock. According to data from MarketBeat.com, the company presently has a consensus 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.