Athabasca Oil (TSE:ATH) Insider Buys C$419,625.00 in Stock

Key Points

• Athabasca Oil insiders made substantial repeated purchases, including 37,300 shares on July 23 at C$11.25 each for C$419,625. The article lists additional acquisitions totaling several hundred thousand dollars across late July.
• Athabasca Oil shares traded down to C$10.08, below the 50-day moving average of C$10.81 but near the 200-day average of C$10.13; the stock’s 12-month range is C$5.57 to C$12.86.
• The company reported quarterly revenue of C$306.54 million and EPS of C$0.13. Analysts maintain a consensus “Hold” rating with an average price target of C$11.50, although Jefferies issued a C$14.00 “Buy” target.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation purchased 37,300 shares of the stock in a transaction dated Thursday, July 23rd. The shares were acquired at an average cost of C$11.25 per share, for a total transaction of C$419,625.00. Following the completion of the acquisition, the insider owned 755,000 shares of the company's stock, valued at approximately C$8,493,750. This represents a 5.20% 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 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 acquired 38,900 shares of Athabasca Oil stock. The stock was acquired 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 acquired at an average cost of C$10.85 per share, with a total value of C$406,875.00.
• On Friday, July 24th, Athabasca Oil Corporation bought 36,800 shares of Athabasca Oil stock. The stock was acquired 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 bought 39,500 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.56 per share, for a total transaction of C$417,120.00.
• On Tuesday, July 28th, Athabasca Oil Corporation purchased 39,400 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.38 per share, for a total transaction of C$408,972.00.
• On Wednesday, July 29th, Athabasca Oil Corporation purchased 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 purchased 39,500 shares of Athabasca Oil stock. The stock was bought 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 acquired 43,500 shares of Athabasca Oil stock. The shares were bought 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 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 Performance

Athabasca Oil stock traded down C$0.28 during midday trading on Tuesday, reaching C$10.08. 1,296,208 shares of the company traded hands, compared to its average volume of 2,552,608. The firm has a market capitalization of C$4.85 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of -0.51 and a beta of -0.19. The business has a 50 day moving average of C$10.81 and a two-hundred day moving average of C$10.13. 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 debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24.

Athabasca Oil (TSE:ATH - Get Free Report) 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 company had revenue of C$306.54 million for the quarter. As a group, research analysts predict that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.

Key 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.

Analysts Set New Price Targets

Several analysts recently commented on ATH shares. Jefferies Financial Group set a C$14.00 price objective on Athabasca Oil and gave the stock a "buy" rating in a report on Thursday, June 4th. Royal Bank Of Canada raised their target price 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 Athabasca Oil and gave the company 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 assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of C$11.50.

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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