Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Purchases 39,900 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 39,900 shares of Athabasca Oil stock in a transaction that occurred on Wednesday, July 29th. The stock was acquired at an average cost of C$10.47 per share, with a total value of C$417,753.00. Following the acquisition, the insider directly owned 910,600 shares of the company’s stock, valued at C$9,533,982. The trade was a 4.58% increase in their position.

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

• 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, 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 shares were acquired at an average price of C$10.79 per share, for a total transaction of C$419,731.00.
• On Wednesday, July 22nd, Athabasca Oil Corporation bought 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 bought 37,300 shares of Athabasca Oil stock. The shares were acquired 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 purchased 36,800 shares of Athabasca Oil stock. The shares were bought at an average cost 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 stock was bought 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 purchased 39,400 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.38 per share, with a total value of C$408,972.00.
• On Thursday, July 30th, Athabasca Oil Corporation purchased 39,500 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.45 per share, for a total transaction of C$412,775.00.
• On Friday, July 31st, Athabasca Oil Corporation acquired 43,500 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.41 per share, for a total transaction of C$452,835.00.
• On Tuesday, June 23rd, Athabasca Oil Corporation acquired 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%

ATH stock traded down C$0.28 during mid-day trading 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 firm has a fifty day simple moving average of C$10.81 and a 200 day simple moving average of C$10.13. The company has a market capitalization of C$4.85 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of -0.51 and a beta of -0.19. Athabasca Oil Co. has a twelve month low of C$5.57 and a twelve month high of C$12.86. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95.

Athabasca Oil (TSE:ATH) last issued its earnings results 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 net margin of 17.68% and a return on equity of 12.57%. The business had revenue of C$306.54 million for the quarter. On average, research analysts forecast that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank Of Canada increased their target price on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a report 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 stock a “hold” rating in a research note on Friday, July 17th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$11.50.

Key Stories Impacting 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.

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.