Insider Buying: Athabasca Oil (TSE:ATH) Insider Acquires 128,800 Shares of Stock

Athabasca Oil Co. (TSE:ATHGet Free Report) insider Athabasca Oil Corporation acquired 128,800 shares of the stock in a transaction dated Friday, October 3rd. The shares were bought at an average price of C$6.69 per share, with a total value of C$861,672.00. Following the completion of the purchase, the insider directly owned 547,200 shares of the company’s stock, valued at approximately C$3,660,768. This trade represents a 30.78% 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 Monday, October 6th, Athabasca Oil Corporation acquired 127,000 shares of Athabasca Oil stock. The shares were bought at an average price of C$6.79 per share, with a total value of C$862,330.00.
  • On Tuesday, October 7th, Athabasca Oil Corporation purchased 126,800 shares of Athabasca Oil stock. The stock was acquired at an average cost 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 shares were bought at an average cost 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 bought at an average cost 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 bought at an average cost 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 bought at an average cost 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 bought at an average cost of C$6.53 per share, for a total transaction of C$863,266.00.
  • On Wednesday, October 15th, Athabasca Oil Corporation purchased 133,500 shares of Athabasca Oil stock. The shares were bought at an average cost of C$6.47 per share, for a total transaction of C$863,745.00.

Athabasca Oil Stock Performance

ATH traded up C$0.14 during midday trading on Monday, hitting C$7.03. 1,024,016 shares of the company were exchanged, compared to its average volume of 2,397,190. The company’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 price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of -0.51 and a beta of 0.99. The company has a current ratio of 2.54, a quick ratio of 1.24 and a debt-to-equity ratio of 12.55. Athabasca Oil Co. has a 1-year low of C$4.05 and a 1-year high of C$7.20.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ATH. Scotiabank lifted their price objective 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 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. 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. Finally, 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. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Athabasca Oil presently has an average rating of “Hold” and a consensus price target of C$6.80.

Check Out Our Latest Analysis on ATH

About Athabasca Oil

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Athabasca Oil (TSE:ATH)

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