Insider Buying: Athabasca Oil (TSE:ATH) Insider Acquires C$498,940.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 49,400 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The stock was bought at an average price of C$10.10 per share, for a total transaction of C$498,940.00. Following the purchase, the insider owned 791,500 shares in the company, valued at approximately C$7,994,150. This represents a 6.66% increase in their ownership of the stock.

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

• On Monday, September 21st, Athabasca Oil Corporation acquired 49,400 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.08 per share, with a total value of C$497,952.00.
• On Tuesday, September 22nd, Athabasca Oil Corporation acquired 49,500 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.14 per share, with a total value of C$501,930.00.
• On Thursday, September 24th, Athabasca Oil Corporation bought 49,200 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.20 per share, for a total transaction of C$501,840.00.
• On Friday, September 25th, Athabasca Oil Corporation bought 48,600 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.23 per share, for a total transaction of C$497,178.00.
• On Monday, September 28th, Athabasca Oil Corporation bought 47,700 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.45 per share, for a total transaction of C$498,465.00.
• On Tuesday, September 29th, Athabasca Oil Corporation purchased 48,700 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.28 per share, with a total value of C$500,636.00.
• On Wednesday, August 19th, Athabasca Oil Corporation purchased 46,200 shares of Athabasca Oil stock. The shares were 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 cost of C$11.02 per share, for a total transaction of C$501,410.00.
• On Friday, August 21st, Athabasca Oil Corporation acquired 45,300 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$11.06 per share, for a total transaction of C$501,018.00.
• On Monday, August 24th, Athabasca Oil Corporation acquired 46,400 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.78 per share, for a total transaction of C$500,192.00.

Athabasca Oil Trading Up 1.8%

ATH stock opened at C$10.58 on Friday. The firm has a fifty day moving average price of C$10.57 and a 200 day moving average price of C$10.82. Athabasca Oil Co. has a fifty-two week low of C$6.11 and a fifty-two week high of C$12.86. The firm has a market cap of C$5.09 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of -0.51 and a beta of -0.17. 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 (TSE:ATH) last released its quarterly earnings results 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 for the quarter. Sell-side analysts anticipate that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on ATH. Desjardins set a C$12.50 target price on shares of Athabasca Oil and gave the stock a “hold” rating in a report on Friday, July 17th. BMO Capital Markets lowered shares of Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 price objective on the stock. in a research report on Wednesday, September 16th. Finally, Royal Bank Of Canada set a C$12.00 price objective on shares of Athabasca Oil and gave the stock a “sector perform” rating in a research report on Thursday, September 10th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Athabasca Oil currently has a consensus rating of “Hold” and an average price target of C$11.56.

Athabasca Oil News Roundup

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

• Positive Sentiment: Athabasca Oil Corporation purchased 342,500 ATH shares in seven transactions from September 21 through September 29, investing approximately C$3.50 million at prices between C$10.08 and C$10.45. Repeated buying near the prevailing market price may signal management confidence and support the stock. Insider purchase article
• Positive Sentiment: Following the September 29 purchase, the insider’s direct ownership reached 985,700 shares, valued at roughly C$10.13 million. The sustained accumulation, including additional purchases in August, is the main apparent catalyst behind the improved investor sentiment toward ATH.
• Neutral Sentiment: The purchases occurred between September 21 and September 29, so they do not represent a fresh change to Athabasca Oil’s production, earnings outlook, balance sheet, or commodity-price exposure. Their impact is primarily sentiment-driven.
• Neutral Sentiment: Athabasca Oil was recently trading near C$10.58, versus a 52-week range of C$6.11 to C$12.86. Its consensus analyst rating remains Hold, with an average price target of C$11.56; individual targets range from C$12.00 to C$14.00. This suggests moderate potential upside, but limited analyst conviction.
• Negative Sentiment: Valuation and financial-risk considerations could restrain further gains: ATH carries a debt-to-equity ratio of 10.95 and trades at approximately 22 times earnings. The stock also remains below its 200-day moving average of C$10.82, indicating that technical momentum is not uniformly strong.

Athabasca Oil Company Profile

Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol ‘ATH’.