Athabasca Oil Corporation Buys 38,900 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 38,900 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The stock was purchased at an average price of C$10.79 per share, for a total transaction of C$419,731.00. Following the acquisition, the insider owned 680,200 shares of the company’s stock, valued at C$7,339,358. The trade was a 6.07% increase in their ownership of the stock.

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 purchased at an average cost of C$10.73 per share, with a total value of C$408,813.00.
• On Wednesday, July 22nd, Athabasca Oil Corporation bought 37,500 shares of Athabasca Oil stock. The shares were acquired at an average price 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 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 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 purchased 39,500 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.56 per share, with a total value of C$417,120.00.
• On Tuesday, July 28th, Athabasca Oil Corporation acquired 39,400 shares of Athabasca Oil stock. The stock was acquired at an average price 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 acquired at an average cost of C$10.47 per share, for a total transaction of C$417,753.00.
• On Thursday, July 30th, Athabasca Oil Corporation acquired 39,500 shares of Athabasca Oil stock. The stock was acquired 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 bought 43,500 shares of Athabasca Oil stock. The shares were acquired 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 acquired at an average price of C$10.77 per share, with a total value of C$509,421.00.

Athabasca Oil Trading Down 2.7%

Shares of ATH stock traded down C$0.28 during trading hours on Tuesday, reaching 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 50 day moving average of C$10.81 and a 200 day moving average of C$10.13. The company has a debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24. The firm has a market cap of C$4.85 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of -0.51 and a beta of -0.19. Athabasca Oil Co. has a 1-year low of C$5.57 and a 1-year high of C$12.86.

Athabasca Oil (TSE:ATH) last posted 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. 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 for the quarter. On average, equities research analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ATH. Jefferies Financial Group set a C$14.00 price target on Athabasca Oil and gave the company a “buy” rating in a research note on Thursday, June 4th. Desjardins set a C$12.50 price objective on shares of Athabasca Oil and gave the company a “hold” rating in a report on Friday, July 17th. Finally, Royal Bank Of Canada lifted their price target on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$11.50.

Athabasca Oil News Roundup

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.