Athabasca Oil Corporation Purchases 39,500 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 39,500 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were purchased at an average price of C$10.45 per share, with a total value of C$412,775.00. Following the completion of the acquisition, the insider directly owned 950,100 shares in the company, valued at C$9,928,545. This trade represents a 4.34% 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 acquired 38,900 shares of Athabasca Oil stock. The stock was acquired 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 acquired 37,500 shares of Athabasca Oil stock. The stock was acquired 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 bought 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 purchased 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 acquired 39,500 shares of Athabasca Oil stock. The shares were bought 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 acquired 39,400 shares of Athabasca Oil stock. The stock was bought at an average price 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 shares were bought at an average cost of C$10.47 per share, with a total value of C$417,753.00.
• On Friday, July 31st, Athabasca Oil Corporation purchased 43,500 shares of Athabasca Oil stock. The shares were 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 purchased 47,300 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.77 per share, for a total transaction of C$509,421.00.

Athabasca Oil Stock Down 4.5%

Shares of TSE:ATH opened at C$9.61 on Thursday. The firm’s 50 day moving average price is C$10.75 and its 200 day moving average price is C$10.17. The stock has a market cap of C$4.63 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of -0.51 and a beta of -0.23. 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 quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 10.95.

Athabasca Oil (TSE:ATH) last posted 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 during the quarter. As a group, equities research analysts predict that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Royal Bank Of Canada raised their price target 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. 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. Finally, Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the stock a “buy” rating in a research report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company 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: Insiders purchased approximately 390,400 shares of Athabasca Oil between July 20 and July 31 for about C$4.17 million, at an average price near C$10.68 per share. The buying increased direct ownership to 993,600 shares, worth roughly C$10.34 million, suggesting an insider believes the stock is attractively valued. Athabasca Oil insider buying report
• Positive Sentiment: The company’s latest reported quarter showed C$0.13 in earnings per share and C$306.54 million in revenue, alongside a 17.68% net margin and 12.57% return on equity. Analysts expect full-year EPS of approximately C$0.54, providing fundamental support for the shares.
• Neutral Sentiment: Analyst sentiment is mixed. Jefferies rates ATH “buy” with a C$14.00 target, while RBC and Desjardins maintain “sector perform” or “hold” views. The consensus rating is “hold,” with an average price target of C$11.50, implying some upside but limited agreement on the near-term outlook.
• Negative Sentiment: ATH has decreased and is trading below its 50-day moving average of C$10.78 and near its 200-day average of C$10.15, indicating continued technical weakness. Its debt-to-equity ratio of 10.95 also represents a potential concern, particularly if oil prices or operating conditions deteriorate.

Athabasca Oil Company Profile

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.