Insider Buying: Athabasca Oil (TSE:ATH) Insider Acquires C$419,731.00 in Stock

Key Points

• Athabasca Oil insider buying continued: An insider purchased 38,900 shares for C$419,731 at an average price of C$10.79, following numerous additional purchases totaling several million Canadian dollars.
• ATH shares traded at C$10.08, below the 50-day moving average of C$10.81 but above the 52-week low of C$5.57. The company reported quarterly EPS of C$0.13 on revenue of C$306.54 million.
• Analyst sentiment remains mixed, with three Buy ratings and four Holds; the consensus rating is Hold with an average price target of C$11.50, while individual targets range from C$12.50 to C$14.00.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation purchased 38,900 shares of the business's stock in a transaction on Tuesday, July 21st. The stock was purchased at an average cost of C$10.79 per share, with a total value of C$419,731.00. Following the acquisition, the insider owned 680,200 shares in the company, valued at approximately C$7,339,358. This represents 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, for a total transaction of C$408,813.00.
• 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 purchased 37,300 shares of Athabasca Oil stock. The shares were acquired 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 stock was 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 acquired 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 bought 39,400 shares of Athabasca Oil stock. The stock was acquired 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 bought 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 purchased 39,500 shares of Athabasca Oil stock. The shares were acquired 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 stock was bought at an average price 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 cost of C$10.77 per share, with a total value of C$509,421.00.

Athabasca Oil Price Performance

ATH stock traded down C$0.28 during trading on Tuesday, hitting 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 fifty day moving average price of C$10.81 and a two-hundred day moving average price of C$10.13. Athabasca Oil Co. has a fifty-two week low of C$5.57 and a fifty-two week high of C$12.86. The company has a market cap of C$4.85 billion, a P/E ratio of 21.45, a P/E/G ratio of -0.51 and a beta of -0.19. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95.

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. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%.The company had revenue of C$306.54 million during the quarter. Equities research analysts expect that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ATH has been the subject of a number of recent analyst reports. Desjardins set a C$12.50 price target on Athabasca Oil and gave the company a "hold" rating in a report on Friday, July 17th. Royal Bank Of Canada boosted 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, Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the company a "buy" rating in a research note on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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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