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

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock in a transaction dated Wednesday, August 26th. The shares were acquired at an average cost of C$10.66 per share, for a total transaction of C$499,954.00. Following the transaction, the insider directly owned 854,400 shares of the company’s stock, valued at approximately C$9,107,904. This represents a 5.81% 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 stock was acquired 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 acquired 45,500 shares of Athabasca Oil stock. The stock was acquired at an average price of C$11.02 per share, with a total value of C$501,410.00.
• On Friday, August 21st, Athabasca Oil Corporation bought 45,300 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$11.06 per share, for a total transaction of C$501,018.00.
• On Monday, August 24th, Athabasca Oil Corporation bought 46,400 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.78 per share, for a total transaction 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 Thursday, August 27th, Athabasca Oil Corporation purchased 43,800 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.80 per share, with a total value of C$473,040.00.
• On Friday, August 28th, Athabasca Oil Corporation purchased 49,100 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.67 per share, with a total value of C$523,897.00.
• On Monday, August 31st, Athabasca Oil Corporation acquired 46,900 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.68 per share, for a total transaction of C$500,892.00.
• On Monday, July 20th, Athabasca Oil Corporation acquired 38,100 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.73 per share, for a total transaction of C$408,813.00.
• On Tuesday, July 21st, Athabasca Oil Corporation bought 38,900 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.79 per share, with a total value of C$419,731.00.

Athabasca Oil Trading Down 1.4%

ATH opened at C$10.90 on Thursday. Athabasca Oil Co. has a 12 month low of C$5.98 and a 12 month high of C$12.86. The stock has a market capitalization of C$5.25 billion, a price-to-earnings ratio of 23.19, a PEG ratio of -0.51 and a beta of -0.23. The company has a debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24. The business has a fifty day moving average price of C$10.54 and a 200 day moving average price of C$10.55.

Athabasca Oil (TSE:ATH) last issued 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 company had revenue of C$306.54 million for the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%. Sell-side analysts expect that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Key Athabasca Oil News

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

• Positive Sentiment: Heavy insider buying suggests management confidence: Athabasca Oil Corporation purchased 417,700 ATH shares in nine open-market transactions from Aug. 19 through Aug. 31, investing approximately C$4.50 million at prices ranging from C$10.54 to C$11.06 per share. The latest purchase involved 43,800 shares for C$473,040. The insider’s reported holdings increased to 994,200 shares. Repeated purchases of roughly C$500,000 each may support investor sentiment by signaling that insiders view the stock as attractively valued. Athabasca Oil insider purchases
• Neutral Sentiment: Analyst consensus remains “Hold”: The average analyst target is C$11.50, with ratings consisting of three Buys and four Holds. Individual targets range from C$12.50 at Desjardins and RBC to C$14.00 at Jefferies, but the consensus indicates limited conviction in a near-term revaluation. Athabasca Oil analyst consensus
• Neutral Sentiment: Critical-minerals possibility is longer term: Research suggests oil-sands waste could contain valuable critical minerals. While this may eventually create an additional resource opportunity for Canadian oil-sands operators, the report identifies no specific Athabasca project, financial benefit, or near-term earnings impact. Oil-sands waste critical-minerals research

Wall Street Analysts Forecast Growth

ATH has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their price target 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. Desjardins set a C$12.50 price objective on shares of Athabasca Oil and gave the company a “hold” rating in a report on Friday, July 17th. Finally, Jefferies Financial Group set a C$14.00 price objective on shares of Athabasca Oil and gave the stock a “buy” rating in a research report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$11.50.

About Athabasca Oil

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol ‘ATH’.