Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Purchases 43,500 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 43,500 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average price of C$10.41 per share, with a total value of C$452,835.00. Following the acquisition, the insider owned 993,600 shares in the company, valued at C$10,343,376. The trade was a 4.58% increase in their ownership of the stock.

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

• On Monday, July 20th, Athabasca Oil Corporation bought 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 acquired 38,900 shares of Athabasca Oil stock. The stock was purchased at an average cost 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 purchased 37,300 shares of Athabasca Oil stock. The stock was bought 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 acquired 36,800 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.99 per share, with a total value of C$404,432.00.
• On Monday, July 27th, Athabasca Oil Corporation purchased 39,500 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.56 per share, with a total value of C$417,120.00.
• On Tuesday, July 28th, Athabasca Oil Corporation bought 39,400 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.38 per share, with a total value of C$408,972.00.
• On Wednesday, July 29th, Athabasca Oil Corporation bought 39,900 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.47 per share, for a total transaction of C$417,753.00.
• On Thursday, July 30th, Athabasca Oil Corporation purchased 39,500 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.45 per share, for a total transaction of C$412,775.00.
• On Tuesday, June 23rd, Athabasca Oil Corporation purchased 47,300 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.77 per share, for a total transaction of C$509,421.00.

Athabasca Oil Price Performance

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

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

Analyst Upgrades and Downgrades

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

Trending Headlines about Athabasca Oil

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.

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.