Athabasca Oil Co. (TSE:ATH) Insider Purchases C$932,414.98 in Stock

Key Points

• Athabasca Oil Co. insider purchased 158,200 shares at an average price of C$5.89, totaling approximately C$932,414.98.
• The company's stock experienced a slight decline, trading at C$5.86, with a market cap of C$3.05 billion and a P/E ratio of 13.79.
• Scotiabank downgraded Athabasca Oil's rating from "strong-buy" to "hold," setting a price target of C$6.50.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation acquired 158,200 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of C$5.89 per share, with a total value of C$932,414.98.

Athabasca Oil Stock Performance

TSE ATH traded down C$0.05 during trading hours on Thursday, hitting C$5.86. The company had a trading volume of 1,231,738 shares, compared to its average volume of 2,446,124. Athabasca Oil Co. has a fifty-two week low of C$4.05 and a fifty-two week high of C$6.25. 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 business has a fifty day simple moving average of C$5.61 and a 200-day simple moving average of C$5.17. The firm has a market cap of C$3.05 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of -0.51 and a beta of 2.05.

Wall Street Analyst Weigh In

Separately, Scotiabank downgraded shares of Athabasca Oil from a "strong-buy" rating to a "hold" rating and set a C$6.50 price objective for the company. in a research note on Friday, July 11th.

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.

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