Athabasca Oil Corporation Buys 39,400 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 39,400 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were purchased at an average cost of C$10.38 per share, for a total transaction of C$408,972.00. Following the completion of the transaction, the insider owned 870,700 shares of the company’s stock, valued at C$9,037,866. This represents a 4.74% increase in their ownership of the stock.

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

• On Monday, July 20th, Athabasca Oil Corporation purchased 38,100 shares of Athabasca Oil stock. The shares were purchased 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 purchased 38,900 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.79 per share, with a total value of C$419,731.00.
• On Wednesday, July 22nd, Athabasca Oil Corporation acquired 37,500 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.85 per share, with a total value of C$406,875.00.
• On Thursday, July 23rd, Athabasca Oil Corporation acquired 37,300 shares of Athabasca Oil stock. The stock was purchased 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 purchased at an average cost of C$10.99 per share, for a total transaction of C$404,432.00.
• On Monday, July 27th, Athabasca Oil Corporation acquired 39,500 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.56 per share, for a total transaction of C$417,120.00.
• On Wednesday, July 29th, Athabasca Oil Corporation bought 39,900 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.47 per share, with a total value of C$417,753.00.
• On Thursday, July 30th, Athabasca Oil Corporation bought 39,500 shares of Athabasca Oil stock. The stock was purchased 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 stock was purchased 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 purchased 47,300 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.77 per share, for a total transaction of C$509,421.00.

Athabasca Oil Stock Performance

Athabasca Oil stock traded down C$0.28 on Tuesday, hitting C$10.08. The company’s stock had a trading volume of 1,296,208 shares, compared to its average volume of 2,552,608. The firm has a market cap of C$4.85 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of -0.51 and a beta of -0.19. 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 company has a fifty day moving average price of C$10.81 and a 200-day moving average price of C$10.13. Athabasca Oil Co. has a one year low of C$5.57 and a one year high of C$12.86.

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

Analysts Set New Price Targets

A number of research firms have weighed in on ATH. Jefferies Financial Group set a C$14.00 price objective on Athabasca Oil and gave the company a “buy” rating in a report on Thursday, June 4th. 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. Finally, Desjardins set a C$12.50 price target on Athabasca Oil and gave the company 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, the stock has an average rating of “Hold” and an average target price of C$11.50.

Key Headlines 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.