Athabasca Oil Co. (TSE:ATH) Insider Athabasca Oil Corporation Buys 105,700 Shares

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

Athabasca Oil Trading Down 0.2 %

Shares of TSE:ATH opened at C$4.93 on Thursday. The company has a debt-to-equity ratio of 11.60, a current ratio of 2.46 and a quick ratio of 1.24. Athabasca Oil Co. has a 1 year low of C$4.11 and a 1 year high of C$5.79. 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. The stock’s fifty day moving average price is C$5.16 and its 200-day moving average price is C$5.20.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Athabasca Oil from C$6.50 to C$7.00 in a research note on Tuesday, January 14th. Raymond James raised Athabasca Oil to a “hold” rating in a research report on Thursday, October 17th. 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, Royal Bank of Canada boosted their target price on Athabasca Oil from C$5.50 to C$6.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.