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

Key Points

• Athabasca Oil Corporation continued its buying streak, purchasing 39,400 shares at an average C$10.38 per share for approximately C$409,000. Across multiple recent transactions, the insider significantly increased its direct ownership.
• Athabasca Oil reported quarterly earnings of C$0.13 per share on revenue of C$306.54 million, with a 17.68% net margin and 12.57% return on equity.
• The stock recently traded at C$10.08, below its 50-day moving average of C$10.81. Analysts maintain a consensus “Hold” rating with an average price target of C$11.50, despite one firm assigning a “Buy” rating.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation bought 39,400 shares of Athabasca Oil stock in a transaction on Tuesday, July 28th. The stock was acquired at an average price of C$10.38 per share, with a total value of C$408,972.00. Following the completion of the purchase, the insider directly owned 870,700 shares of the company's stock, valued at approximately C$9,037,866. The trade was 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 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 purchased 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 shares were bought 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 bought 37,300 shares of Athabasca Oil stock. The shares were 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 purchased 36,800 shares of Athabasca Oil stock. The stock was 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 shares were bought at an average price of C$10.56 per share, with a total value of C$417,120.00.
• On Wednesday, July 29th, Athabasca Oil Corporation acquired 39,900 shares of Athabasca Oil stock. The shares were bought 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 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 stock was bought at an average cost of C$10.41 per share, for a total transaction of C$452,835.00.
• On Tuesday, June 23rd, Athabasca Oil Corporation bought 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 Performance

Athabasca Oil stock traded down C$0.28 during trading hours on Tuesday, reaching C$10.08. 1,296,208 shares of the company were exchanged, compared to its average volume of 2,552,608. Athabasca Oil Co. has a 12 month low of C$5.57 and a 12 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. The stock has a 50-day moving average of C$10.81 and a 200 day moving average of C$10.13. 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.

Athabasca Oil (TSE:ATH - Get Free Report) last released its quarterly earnings results 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 for the quarter. As a group, research analysts anticipate that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on ATH. 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 lifted their price objective on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a "sector perform" rating in a research note on Friday, May 8th. Finally, Desjardins set a C$12.50 price objective on Athabasca Oil and gave the stock a "hold" rating in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$11.50.

Athabasca Oil News Summary

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.

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