Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Buys 46,900 Shares

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 46,900 shares of Athabasca Oil stock in a transaction on Monday, August 31st. The stock was purchased at an average cost of C$10.68 per share, with a total value of C$500,892.00. Following the purchase, the insider directly owned 994,200 shares of the company’s stock, valued at approximately C$10,618,056. This trade represents a 4.95% increase in their position.

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

• On Wednesday, August 19th, Athabasca Oil Corporation acquired 46,200 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.82 per share, with a total value of C$499,884.00.
• On Thursday, August 20th, Athabasca Oil Corporation bought 45,500 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$11.02 per share, for a total transaction of C$501,410.00.
• On Friday, August 21st, Athabasca Oil Corporation bought 45,300 shares of Athabasca Oil stock. The stock was purchased at an average price of C$11.06 per share, for a total transaction of C$501,018.00.
• On Monday, August 24th, Athabasca Oil Corporation purchased 46,400 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.78 per share, with a total value of C$500,192.00.
• On Tuesday, August 25th, Athabasca Oil Corporation purchased 47,600 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.54 per share, with a total value of C$501,704.00.
• On Wednesday, August 26th, Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.66 per share, with a total value of C$499,954.00.
• On Thursday, August 27th, Athabasca Oil Corporation acquired 43,800 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.80 per share, for a total transaction of C$473,040.00.
• On Friday, August 28th, Athabasca Oil Corporation acquired 49,100 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.67 per share, for a total transaction of C$523,897.00.
• On Monday, July 20th, Athabasca Oil Corporation acquired 38,100 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.73 per share, with a total value of C$408,813.00.
• On Tuesday, July 21st, Athabasca Oil Corporation bought 38,900 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.79 per share, with a total value of C$419,731.00.

Athabasca Oil Trading Up 4.0%

TSE:ATH opened at C$11.05 on Wednesday. The company has a debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24. Athabasca Oil Co. has a one year low of C$5.98 and a one year high of C$12.86. The company has a market cap of C$5.32 billion, a PE ratio of 23.51, a PEG ratio of -0.51 and a beta of -0.23. The firm has a 50-day moving average of C$10.53 and a 200-day moving average of C$10.53.

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

Key Stories Impacting Athabasca Oil

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

• Positive Sentiment: Heavy insider buying signals confidence: Athabasca Oil Corporation acquired 417,700 ATH shares in nine transactions from Aug. 19 through Aug. 31, spending approximately C$4.50 million. The purchases were made at prices ranging from C$10.54 to C$11.06 per share, increasing the insider’s reported holdings to 994,200 shares. Repeated open-market purchases of roughly C$500,000 each can be viewed as a bullish signal about management’s confidence in the company’s valuation and outlook. Athabasca Oil insider transactions
• Neutral Sentiment: Analysts remain cautious: Athabasca Oil received a consensus recommendation of “Hold.” The rating suggests analysts see a relatively balanced risk-reward profile at current levels rather than a clear catalyst for a stronger revaluation. Athabasca Oil receives consensus Hold recommendation
• Neutral Sentiment: Potential longer-term resource opportunity: Research indicates that oil-sands waste may contain critical minerals, which could eventually create additional value for companies operating in Canada’s oil-sands sector. However, the report does not identify a specific project, estimate economic benefits for Athabasca Oil, or provide a near-term earnings catalyst. Canada’s oil sands waste and critical minerals

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the company a “buy” rating in a research report on Thursday, June 4th. Desjardins set a C$12.50 price target on Athabasca Oil and gave the company a “hold” rating in a research report on Friday, July 17th. Finally, Royal Bank Of Canada raised their price objective on Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Athabasca Oil has a consensus rating of “Hold” and an average price target of C$11.50.

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.