Insider Buying: Athabasca Oil Corp (ATH) Insider Buys 31,867 Shares of Stock
Athabasca Oil Corp (TSE:ATH) insider Anne Terese Schenkenberger purchased 31,867 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average cost of C$1.01 per share, for a total transaction of C$32,185.67.
Shares of Athabasca Oil Corp (TSE ATH) traded up 2.02% during midday trading on Friday, reaching $1.01. 467,117 shares of the company’s stock traded hands. Athabasca Oil Corp has a 52 week low of $0.86 and a 52 week high of $2.14. The company’s market capitalization is $514.09 million. The stock’s 50 day moving average is $0.98 and its 200-day moving average is $1.38.
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A number of equities research analysts recently issued reports on ATH shares. BMO Capital Markets cut shares of Athabasca Oil Corp from a “market perform” rating to an “underperform” rating in a research note on Monday, June 26th. Scotiabank lifted their price target on shares of Athabasca Oil Corp from C$1.80 to C$1.90 and gave the company a “sector perform” rating in a research note on Friday, May 5th. TD Securities dropped their price target on shares of Athabasca Oil Corp from C$2.50 to C$2.25 and set a “buy” rating on the stock in a research note on Friday, May 5th. Canaccord Genuity dropped their price target on shares of Athabasca Oil Corp from C$2.75 to C$2.25 and set a “speculative buy” rating on the stock in a research note on Tuesday, July 11th. Finally, Barclays PLC dropped their price target on shares of Athabasca Oil Corp from C$1.50 to C$1.00 in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Athabasca Oil Corp presently has an average rating of “Hold” and a consensus target price of C$2.11.
Athabasca Oil Corp Company Profile
Athabasca Oil Corporation engages in the exploration, development, and production of light and thermal oil resource plays in the Western Canadian Sedimentary Basin in Alberta, Canada. The company operates in Light Oil and Thermal Oil segments. Its principal properties are the Kaybob and Placid asset areas located in northwestern Alberta; and the Hangingstone asset in northeastern Alberta.
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