Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Acquires 46,400 Shares of Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 46,400 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were purchased at an average cost of C$10.78 per share, for a total transaction of C$500,192.00. Following the transaction, the insider directly owned 759,900 shares in the company, valued at approximately C$8,191,722. This represents a 6.50% increase in their position.

Athabasca Oil Corporation also recently made the following trade(s):

• On Wednesday, August 19th, Athabasca Oil Corporation acquired 46,200 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.82 per share, with a total value of C$499,884.00.
• On Thursday, August 20th, Athabasca Oil Corporation acquired 45,500 shares of Athabasca Oil stock. The stock was purchased at an average price of C$11.02 per share, with a total value of C$501,410.00.
• On Friday, August 21st, Athabasca Oil Corporation acquired 45,300 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$11.06 per share, with a total value of C$501,018.00.
• On Tuesday, August 25th, Athabasca Oil Corporation bought 47,600 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.54 per share, for a total transaction of C$501,704.00.
• On Wednesday, August 26th, Athabasca Oil Corporation bought 46,900 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.66 per share, for a total transaction of C$499,954.00.
• On Thursday, August 27th, Athabasca Oil Corporation purchased 43,800 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.80 per share, with a total value of C$473,040.00.
• On Friday, August 28th, Athabasca Oil Corporation purchased 49,100 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.67 per share, with a total value of C$523,897.00.
• On Monday, August 31st, Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.68 per share, with a total value of C$500,892.00.
• On Monday, July 20th, Athabasca Oil Corporation purchased 38,100 shares of Athabasca Oil stock. The stock was acquired 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 acquired 38,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.79 per share, for a total transaction of C$419,731.00.

Athabasca Oil Stock Performance

Shares of ATH stock opened at C$11.05 on Wednesday. The firm has a market cap of C$5.32 billion, a price-to-earnings ratio of 23.51, a PEG ratio of -0.51 and a beta of -0.23. The company’s 50 day moving average is C$10.53 and its 200 day moving average is C$10.53. 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 Co. has a 52-week low of C$5.98 and a 52-week high of C$12.86.

Athabasca Oil (TSE:ATH) last posted its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share for the quarter. The company 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%. On average, sell-side analysts anticipate that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group set a C$14.00 price objective on Athabasca Oil and gave the stock a “buy” rating in a research note on Thursday, June 4th. Desjardins set a C$12.50 target price on Athabasca Oil and gave the company a “hold” rating in a research note on Friday, July 17th. Finally, Royal Bank Of Canada boosted their price objective on shares of 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. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$11.50.

More Athabasca Oil News

Here are the key news stories impacting Athabasca Oil this week:

• Positive Sentiment: Heavy insider buying signals confidence: Athabasca Oil Corporation acquired 417,700 ATH shares in nine transactions from Aug. 19 through Aug. 31, spending approximately C$4.50 million. The purchases were made at prices ranging from C$10.54 to C$11.06 per share, increasing the insider’s reported holdings to 994,200 shares. Repeated open-market purchases of roughly C$500,000 each can be viewed as a bullish signal about management’s confidence in the company’s valuation and outlook. Athabasca Oil insider transactions
• Neutral Sentiment: Analysts remain cautious: Athabasca Oil received a consensus recommendation of “Hold.” The rating suggests analysts see a relatively balanced risk-reward profile at current levels rather than a clear catalyst for a stronger revaluation. Athabasca Oil receives consensus Hold recommendation
• Neutral Sentiment: Potential longer-term resource opportunity: Research indicates that oil-sands waste may contain critical minerals, which could eventually create additional value for companies operating in Canada’s oil-sands sector. However, the report does not identify a specific project, estimate economic benefits for Athabasca Oil, or provide a near-term earnings catalyst. Canada’s oil sands waste and critical minerals

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.