Athabasca Oil (TSE:ATH) Insider Purchases 39,500 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 39,500 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were acquired at an average price of C$10.45 per share, for a total transaction of C$412,775.00. Following the completion of the transaction, the insider directly owned 950,100 shares in the company, valued at approximately C$9,928,545. This trade represents a 4.34% increase in their ownership of the stock.

Athabasca Oil Corporation also recently made the following trade(s):

• On Monday, July 20th, Athabasca Oil Corporation purchased 38,100 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.73 per share, with a total value of C$408,813.00.
• On Tuesday, July 21st, Athabasca Oil Corporation purchased 38,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.79 per share, for a total transaction of C$419,731.00.
• On Wednesday, July 22nd, Athabasca Oil Corporation acquired 37,500 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.85 per share, for a total transaction of C$406,875.00.
• On Thursday, July 23rd, Athabasca Oil Corporation acquired 37,300 shares of Athabasca Oil stock. The stock was acquired at an average price of C$11.25 per share, with a total value of C$419,625.00.
• On Friday, July 24th, Athabasca Oil Corporation bought 36,800 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.99 per share, with a total value of C$404,432.00.
• On Monday, July 27th, Athabasca Oil Corporation bought 39,500 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.56 per share, for a total transaction of C$417,120.00.
• On Tuesday, July 28th, Athabasca Oil Corporation purchased 39,400 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.38 per share, for a total transaction of C$408,972.00.
• On Wednesday, July 29th, Athabasca Oil Corporation purchased 39,900 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.47 per share, with a total value of C$417,753.00.
• On Friday, July 31st, Athabasca Oil Corporation acquired 43,500 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.41 per share, with a total value of C$452,835.00.
• On Tuesday, June 23rd, Athabasca Oil Corporation acquired 47,300 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.77 per share, with a total value of C$509,421.00.

Athabasca Oil Price Performance

ATH traded down C$0.28 during midday trading on Tuesday, hitting C$10.08. 1,296,208 shares of the company traded hands, compared to its average volume of 2,552,608. The business has a 50 day simple moving average of C$10.81 and a two-hundred day simple moving average of C$10.13. Athabasca Oil Co. has a 52-week low of C$5.57 and a 52-week high of C$12.86. The company has a market capitalization of C$4.85 billion, a price-to-earnings ratio of 21.45, a PEG ratio of -0.51 and a beta of -0.19. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95.

Athabasca Oil (TSE:ATH) last released its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS for the quarter. The business had revenue of C$306.54 million during the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. On average, equities analysts forecast that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Analyst Ratings Changes

ATH has been the topic of a number of research analyst reports. Desjardins set a C$12.50 price target on Athabasca Oil and gave the stock a “hold” rating in a research note on Friday, July 17th. Royal Bank Of Canada lifted their target price on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, Jefferies Financial Group set a C$14.00 target price on shares of Athabasca Oil and gave the stock a “buy” rating in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$11.50.

Athabasca Oil News Summary

Here are the key news stories impacting Athabasca Oil this week:

• Positive Sentiment: The insider’s direct ownership increased from 641,300 to 993,600 shares, a gain of roughly 55% over the reported transactions. Repeated purchases—rather than a single trade—may indicate confidence in Athabasca Oil’s valuation and outlook, potentially supporting the stock after its recent decrease. Athabasca Oil insider trading information
• Neutral Sentiment: The purchases were made at an average price of approximately C$10.68 per share, above the recently cited C$10.08 trading level. This provides a reference point for investor sentiment but does not guarantee that the stock will recover, particularly as ATH remains below its 50-day moving average and well below its 52-week high.

About Athabasca Oil

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.