Athabasca Oil Co. (TSE:ATH) Insider Acquires C$519,409.80 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 105,700 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of C$4.91 per share, for a total transaction of C$519,409.80.

Athabasca Oil Stock Down 0.2 %

Shares of Athabasca Oil stock opened at C$4.93 on Thursday. The company’s fifty day simple moving average is C$5.16 and its two-hundred day simple moving average is C$5.20. Athabasca Oil Co. has a 12-month low of C$4.11 and a 12-month high of C$5.79. The company has a current ratio of 2.46, a quick ratio of 1.24 and a debt-to-equity ratio of 11.60. The company has a market cap of C$2.68 billion, a P/E ratio of 32.87, a PEG ratio of -0.51 and a beta of 2.05.

Analysts Set New Price Targets

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

Athabasca Oil Company Profile

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.