Insider Buying: Athabasca Oil (TSE:ATH) Insider Buys C$406,875.00 in Stock

Key Points

• Athabasca Oil insiders made repeated purchases, including 37,500 shares bought at C$10.85 for C$406,875; the transaction increased direct ownership to 717,700 shares. Additional purchases from June 23 through July 31 suggest sustained insider buying.
• 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 remains well below its 52-week high of C$12.86.
• The company reported quarterly EPS of C$0.13 on revenue of C$306.54 million, while analysts maintain a consensus “Hold” rating with an average price target of C$11.50.

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation bought 37,500 shares of the firm's stock in a transaction on Wednesday, July 22nd. The stock was purchased at an average price of C$10.85 per share, for a total transaction of C$406,875.00. Following the completion of the acquisition, the insider directly owned 717,700 shares in the company, valued at C$7,787,045. The trade was a 5.51% 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 purchased at an average cost of C$10.73 per share, with a total value 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 price of C$10.79 per share, with a total value of C$419,731.00.
• On Thursday, July 23rd, Athabasca Oil Corporation purchased 37,300 shares of Athabasca Oil stock. The shares were purchased at an average cost 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 shares were purchased at an average cost 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 acquired 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 acquired 39,400 shares of Athabasca Oil stock. The stock was acquired at an average price 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 shares were acquired at an average cost 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 Friday, July 31st, Athabasca Oil Corporation bought 43,500 shares of Athabasca Oil stock. The stock was acquired 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 purchased 47,300 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.77 per share, for a total transaction of C$509,421.00.

Athabasca Oil Trading Down 2.7%

Shares of TSE ATH traded down C$0.28 during mid-day trading on Tuesday, reaching C$10.08. 1,296,208 shares of the company's stock were exchanged, 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 PEG ratio of -0.51 and a beta of -0.19. The company has a debt-to-equity ratio of 10.95, a quick ratio of 1.24 and a current ratio of 1.90. Athabasca Oil Co. has a 52-week low of C$5.57 and a 52-week high of C$12.86. The company's 50-day moving average is C$10.81 and its 200-day moving average is 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 return on equity of 12.57% and a net margin of 17.68%. Analysts expect that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

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.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ATH. Royal Bank Of Canada boosted their price target on shares of 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. Jefferies Financial Group set a C$14.00 price objective on shares of Athabasca Oil and gave the stock a "buy" rating in a research report on Thursday, June 4th. Finally, Desjardins set a C$12.50 target price on shares of Athabasca Oil and gave the company a "hold" rating in a report 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.