Insider Buying: Athabasca Oil Co. (TSE:ATH) Insider Purchases 105,700 Shares of Stock

Athabasca Oil Co. (TSE:ATHGet Free Report) insider Athabasca Oil Corporation acquired 105,700 shares of Athabasca Oil stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average price of C$4.91 per share, with a total value of C$519,409.80.

Athabasca Oil Stock Performance

Shares of ATH opened at C$4.80 on Tuesday. The company has a debt-to-equity ratio of 11.60, a quick ratio of 1.24 and a current ratio of 2.46. The company has a market capitalization of C$2.61 billion, a price-to-earnings ratio of 32.00, a PEG ratio of -0.51 and a beta of 2.05. The company’s 50 day simple moving average is C$5.17 and its 200 day simple moving average is C$5.20. Athabasca Oil Co. has a 1 year low of C$4.03 and a 1 year high of C$5.79.

Wall Street Analyst Weigh In

Several analysts have issued reports on ATH shares. Royal Bank of Canada upped their price target on shares of Athabasca Oil from C$5.50 to C$6.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. BMO Capital Markets upped their price target on shares of Athabasca Oil from C$6.50 to C$7.00 in a report on Tuesday, January 14th. Raymond James raised shares of Athabasca Oil to a “hold” rating in a report on Thursday, October 17th. Finally, Scotiabank set a C$6.50 price target on shares of Athabasca Oil and gave the company an “outperform” rating in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Athabasca Oil presently has an average rating of “Moderate Buy” and an average price target of C$6.31.

Check Out Our Latest Report on ATH

Athabasca Oil Company Profile

(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

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