Athabasca Oil Corporation Buys 43,500 Shares of Athabasca Oil (TSE:ATH) Stock

Key Points

• Athabasca Oil Corporation bought 43,500 shares at an average price of C$10.41, investing C$452,835 and increasing its ownership to 993,600 shares. The purchase was part of a series of insider acquisitions in recent weeks.
• Athabasca Oil shares fell 2.7% to C$10.08, below the 50-day moving average of C$10.81 but above the 200-day average of C$10.13. The stock has traded between C$5.57 and C$12.86 over the past year.
• The company reported quarterly EPS of C$0.13 on revenue of C$306.54 million. Analysts have a consensus “Hold” rating and an average price target of C$11.50.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation acquired 43,500 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of C$10.41 per share, for a total transaction of C$452,835.00. Following the purchase, the insider owned 993,600 shares of the company's stock, valued at approximately C$10,343,376. The trade was a 4.58% 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 stock was acquired at an average cost 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 purchased at an average price of C$10.79 per share, with a total value of C$419,731.00.
• On Wednesday, July 22nd, Athabasca Oil Corporation bought 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 bought 37,300 shares of Athabasca Oil stock. The stock was bought at an average price of C$11.25 per share, for a total transaction of C$419,625.00.
• On Friday, July 24th, Athabasca Oil Corporation acquired 36,800 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.99 per share, for a total transaction of C$404,432.00.
• On Monday, July 27th, Athabasca Oil Corporation bought 39,500 shares of Athabasca Oil stock. The stock was purchased 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 acquired 39,400 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.38 per share, with a total value of C$408,972.00.
• 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 shares were acquired at an average cost of C$10.45 per share, with a total value of C$412,775.00.
• On Tuesday, June 23rd, Athabasca Oil Corporation purchased 47,300 shares of Athabasca Oil stock. The stock was bought at an average price 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 on Tuesday, hitting C$10.08. 1,296,208 shares of the company's stock traded hands, compared to its average volume of 2,552,608. Athabasca Oil Co. has a 1 year low of C$5.57 and a 1 year 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. The company has a market cap 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. The firm has a 50-day moving average price of C$10.81 and a 200-day moving average price of C$10.13.

Athabasca Oil (TSE:ATH - Get Free Report) last issued 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. The firm had revenue of C$306.54 million during the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. Equities analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ATH shares. Jefferies Financial Group set a C$14.00 price target on shares of Athabasca Oil and gave the company a "buy" rating in a report on Thursday, June 4th. Royal Bank Of Canada boosted their price target on 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. Finally, Desjardins set a C$12.50 price target on shares of Athabasca Oil and gave the stock a "hold" rating in a research report on Friday, July 17th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Athabasca Oil has an average rating of "Hold" and a consensus price target of C$11.50.

More 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.

Athabasca Oil Company Profile

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.

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