Athabasca Oil (TSE:ATH) Insider Buys C$500,636.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 48,700 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The stock was purchased at an average price of C$10.28 per share, with a total value of C$500,636.00. Following the completion of the purchase, the insider directly owned 985,700 shares in the company, valued at C$10,132,996. The trade was a 5.20% increase in their position.

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

• On Monday, September 21st, Athabasca Oil Corporation acquired 49,400 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.08 per share, for a total transaction of C$497,952.00.
• On Tuesday, September 22nd, Athabasca Oil Corporation bought 49,500 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.14 per share, with a total value of C$501,930.00.
• On Wednesday, September 23rd, Athabasca Oil Corporation bought 49,400 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.10 per share, for a total transaction of C$498,940.00.
• On Thursday, September 24th, Athabasca Oil Corporation purchased 49,200 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.20 per share, for a total transaction of C$501,840.00.
• On Friday, September 25th, Athabasca Oil Corporation purchased 48,600 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.23 per share, with a total value of C$497,178.00.
• On Monday, September 28th, Athabasca Oil Corporation acquired 47,700 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.45 per share, with a total value of C$498,465.00.
• On Wednesday, August 19th, Athabasca Oil Corporation acquired 46,200 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.82 per share, for a total transaction of C$499,884.00.
• On Thursday, August 20th, Athabasca Oil Corporation bought 45,500 shares of Athabasca Oil stock. The shares were bought 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 purchased 45,300 shares of Athabasca Oil stock. The stock was bought 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 bought at an average cost of C$10.78 per share, for a total transaction of C$500,192.00.

Athabasca Oil Trading Up 1.8%

Shares of ATH stock opened at C$10.58 on Friday. The company has a market capitalization of C$5.09 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of -0.51 and a beta of -0.17. The firm has a 50 day moving average price of C$10.57 and a two-hundred day moving average price of C$10.82. 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 12-month low of C$6.11 and a 12-month high of C$12.86.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on ATH. Desjardins set a C$12.50 price objective on shares of Athabasca Oil and gave the stock a “hold” rating in a research report on Friday, July 17th. BMO Capital Markets lowered Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 price objective on the stock. in a research report on Wednesday, September 16th. Finally, Royal Bank Of Canada set a C$12.00 price target on shares of Athabasca Oil and gave the company a “sector perform” rating in a research report on Thursday, September 10th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$11.56.

More Athabasca Oil News

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

• Positive Sentiment: Athabasca Oil Corporation purchased 342,500 ATH shares in seven transactions from September 21 through September 29, investing approximately C$3.50 million at prices between C$10.08 and C$10.45. Repeated buying near the prevailing market price may signal management confidence and support the stock. Insider purchase article
• Positive Sentiment: Following the September 29 purchase, the insider’s direct ownership reached 985,700 shares, valued at roughly C$10.13 million. The sustained accumulation, including additional purchases in August, is the main apparent catalyst behind the improved investor sentiment toward ATH.
• Neutral Sentiment: The purchases occurred between September 21 and September 29, so they do not represent a fresh change to Athabasca Oil’s production, earnings outlook, balance sheet, or commodity-price exposure. Their impact is primarily sentiment-driven.
• Neutral Sentiment: Athabasca Oil was recently trading near C$10.58, versus a 52-week range of C$6.11 to C$12.86. Its consensus analyst rating remains Hold, with an average price target of C$11.56; individual targets range from C$12.00 to C$14.00. This suggests moderate potential upside, but limited analyst conviction.
• Negative Sentiment: Valuation and financial-risk considerations could restrain further gains: ATH carries a debt-to-equity ratio of 10.95 and trades at approximately 22 times earnings. The stock also remains below its 200-day moving average of C$10.82, indicating that technical momentum is not uniformly strong.

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’.