Athabasca Oil (TSE:ATH) Insider Athabasca Oil Corporation Acquires 46,900 Shares

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation bought 46,900 shares of Athabasca Oil stock in a transaction on Wednesday, August 26th. The stock was acquired at an average price of C$10.66 per share, with a total value of C$499,954.00. Following the completion of the purchase, the insider directly owned 854,400 shares of the company’s stock, valued at approximately C$9,107,904. The trade was a 5.81% increase in their ownership of the stock.

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

• On Wednesday, August 19th, Athabasca Oil Corporation purchased 46,200 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.82 per share, for a total transaction of C$499,884.00.
• On Thursday, August 20th, Athabasca Oil Corporation purchased 45,500 shares of Athabasca Oil stock. The shares were acquired at an average price 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 acquired at an average cost of C$11.06 per share, with a total value of C$501,018.00.
• On Monday, August 24th, Athabasca Oil Corporation acquired 46,400 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.78 per share, with a total value of C$500,192.00.
• On Tuesday, August 25th, Athabasca Oil Corporation acquired 47,600 shares of Athabasca Oil stock. The stock was acquired at an average price of C$10.54 per share, with a total value of C$501,704.00.
• On Thursday, August 27th, Athabasca Oil Corporation bought 43,800 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.80 per share, for a total transaction of C$473,040.00.
• On Friday, August 28th, Athabasca Oil Corporation bought 49,100 shares of Athabasca Oil stock. The shares were acquired at an average cost of C$10.67 per share, for a total transaction of C$523,897.00.
• On Monday, August 31st, Athabasca Oil Corporation bought 46,900 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.68 per share, for a total transaction of C$500,892.00.
• On Monday, July 20th, Athabasca Oil Corporation purchased 38,100 shares of Athabasca Oil stock. The stock was bought 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 stock was bought at an average cost of C$10.79 per share, with a total value of C$419,731.00.

Athabasca Oil Stock Performance

ATH opened at C$11.05 on Wednesday. The company has a debt-to-equity ratio of 10.95, a quick ratio of 1.24 and a current ratio of 1.90. The company has a market cap of C$5.32 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of -0.51 and a beta of -0.23. The stock has a 50-day moving average of C$10.53 and a 200-day moving average of C$10.53. 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 issued its quarterly earnings data on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share for the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%.The business had revenue of C$306.54 million for the quarter. As a group, equities research analysts forecast that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ATH has been the topic of a number of recent analyst reports. Royal Bank Of Canada lifted 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 report on Friday, May 8th. Desjardins set a C$12.50 price objective on shares of Athabasca Oil and gave the stock a “hold” rating in a report on Friday, July 17th. Finally, Jefferies Financial Group set a C$14.00 target price on shares of Athabasca Oil and gave the company a “buy” rating in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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

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.