Athabasca Oil (TSE:ATH) Insider Purchases C$417,753.00 in Stock

Key Points

• Insider buying continued: Athabasca Oil insiders purchased 39,900 shares for C$417,753 at an average of C$10.47, bringing their holdings to 910,600 shares. The company also reported multiple additional purchases during late July.
• Shares declined 2.7% to C$10.08 in midday trading, below the 50-day moving average of C$10.81 but above the 200-day average of C$10.13. The stock remains well below its 52-week high of C$12.86.
• Analysts maintain a consensus “Hold” rating with an average price target of C$11.50, while the company reported quarterly EPS of C$0.13 and revenue of C$306.54 million.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation acquired 39,900 shares of the company's stock in a transaction dated Wednesday, July 29th. The shares were purchased at an average price of C$10.47 per share, with a total value of C$417,753.00. Following the completion of the acquisition, the insider owned 910,600 shares in the company, valued at approximately C$9,533,982. 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 bought 38,100 shares of Athabasca Oil stock. The stock was 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 shares were 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 purchased 37,500 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.85 per share, with a total value of C$406,875.00.
• On Thursday, July 23rd, Athabasca Oil Corporation purchased 37,300 shares of Athabasca Oil stock. The shares were 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 stock was purchased 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 acquired 39,500 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.56 per share, for a total transaction of C$417,120.00.
• On Tuesday, July 28th, Athabasca Oil Corporation bought 39,400 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.38 per share, with a total value of C$408,972.00.
• 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 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 purchased 47,300 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.77 per share, for a total transaction of C$509,421.00.

Athabasca Oil Trading Down 2.7%

ATH stock traded down C$0.28 during midday trading on Tuesday, reaching C$10.08. 1,296,208 shares of the company's stock traded hands, compared to its average volume of 2,552,608. The company has a market capitalization of C$4.85 billion, a P/E ratio of 21.45, a PEG ratio of -0.51 and a beta of -0.19. 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 Co. has a fifty-two week low of C$5.57 and a fifty-two week high of C$12.86. The business has a 50-day moving average price of C$10.81 and a two-hundred day moving average price of C$10.13.

Athabasca Oil (TSE:ATH - Get Free Report) last released 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. 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. Equities research analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

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.

Analysts Set New Price Targets

Several research analysts have commented on ATH shares. Desjardins set a C$12.50 price objective on Athabasca Oil and gave the company a "hold" rating in a research report on Friday, July 17th. Royal Bank Of Canada increased their target price on Athabasca Oil from C$12.00 to C$12.50 and gave the company a "sector perform" rating in a research note on Friday, May 8th. Finally, Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the company a "buy" rating in a report on Thursday, June 4th. 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, the stock currently has a consensus rating of "Hold" and an average price target 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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