Athabasca Oil (TSE:ATH) Insider Acquires C$861,900.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 127,500 shares of the stock in a transaction that occurred on Monday, October 27th. The shares were purchased at an average cost of C$6.76 per share, for a total transaction of C$861,900.00. Following the completion of the acquisition, the insider directly owned 2,336,500 shares of the company’s stock, valued at C$15,794,740. This represents a 5.77% increase in their position.

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 shares were bought at an average price 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 shares were bought at an average price 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 stock was acquired at an average price 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 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 acquired 126,800 shares of Athabasca Oil stock. The stock was purchased 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 shares were 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 shares were 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 acquired 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 acquired 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 purchased 132,200 shares of Athabasca Oil stock. The stock was purchased at an average price of C$6.53 per share, with a total value of C$863,266.00.

Athabasca Oil Stock Up 2.0%

Athabasca Oil stock traded up C$0.14 during trading on Monday, reaching C$7.03. The stock had a trading volume of 1,024,016 shares, compared to its average volume of 2,397,190. Athabasca Oil Co. has a 52-week low of C$4.05 and a 52-week high of C$7.20. The business has a 50 day moving average price of C$6.51 and a 200 day moving average price of C$5.81. The company has a quick ratio of 1.24, a current ratio of 2.54 and a debt-to-equity ratio of 12.55. The stock has a market cap of C$3.42 billion, a PE 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 recently commented on ATH shares. Raymond James Financial boosted their target price on shares of Athabasca Oil from C$6.50 to C$7.00 in a research note on Thursday. Scotiabank boosted their target price on shares of 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. TD Securities boosted their target price on shares of Athabasca Oil from C$6.50 to C$7.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Royal Bank Of Canada boosted their target price on shares of 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. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Athabasca Oil presently 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.