Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Buys 37,500 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 37,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was acquired at an average price of C$10.85 per share, with a total value of C$406,875.00. Following the acquisition, the insider directly owned 717,700 shares of the company’s stock, valued at approximately C$7,787,045. This represents a 5.51% increase in their position.

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 shares were acquired 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 shares were acquired at an average price of C$10.79 per share, for a total transaction of C$419,731.00.
• On Thursday, July 23rd, Athabasca Oil Corporation purchased 37,300 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$11.25 per share, with a total value of C$419,625.00.
• On Friday, July 24th, Athabasca Oil Corporation purchased 36,800 shares of Athabasca Oil stock. The stock was acquired 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 acquired 39,500 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.56 per share, for a total transaction of C$417,120.00.
• On Tuesday, July 28th, Athabasca Oil Corporation acquired 39,400 shares of Athabasca Oil stock. The shares were 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 acquired 39,900 shares of Athabasca Oil stock. The stock was 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 bought 39,500 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.45 per share, with a total value of C$412,775.00.
• On Friday, July 31st, Athabasca Oil Corporation bought 43,500 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.41 per share, with a total value of C$452,835.00.
• On Tuesday, June 23rd, Athabasca Oil Corporation bought 47,300 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.77 per share, with a total value of C$509,421.00.

Athabasca Oil Stock Down 2.7%

TSE ATH traded down C$0.28 during trading hours on Tuesday, hitting C$10.08. 1,296,208 shares of the company were exchanged, 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. The firm has a market cap 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 50 day moving average of C$10.81 and a two-hundred day 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.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on ATH shares. Jefferies Financial Group set a C$14.00 price target on shares of Athabasca Oil and gave the stock a “buy” rating in a report on Thursday, June 4th. Royal Bank Of Canada raised 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 report on Friday, May 8th. Finally, Desjardins set a C$12.50 target price on shares of Athabasca Oil and gave the stock a “hold” rating in a research note on Friday, July 17th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Athabasca Oil has a consensus rating of “Hold” and a consensus target price of C$11.50.

Key Athabasca Oil News

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.