Athabasca Oil Corporation Acquires 46,200 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 46,200 shares of Athabasca Oil stock in a transaction that occurred on Wednesday, August 19th. The stock was bought at an average price of C$10.82 per share, with a total value of C$499,884.00. Following the purchase, the insider directly owned 622,700 shares of the company’s stock, valued at approximately C$6,737,614. This trade represents a 8.01% increase in their ownership of the stock.

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

• On Thursday, August 20th, Athabasca Oil Corporation bought 45,500 shares of Athabasca Oil stock. The shares were bought 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 bought 45,300 shares of Athabasca Oil stock. The stock was bought 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 purchased 46,400 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.78 per share, with a total value of C$500,192.00.
• On Tuesday, August 25th, Athabasca Oil Corporation purchased 47,600 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.54 per share, for a total transaction of C$501,704.00.
• On Wednesday, August 26th, Athabasca Oil Corporation acquired 46,900 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.66 per share, with a total value of C$499,954.00.
• On Thursday, August 27th, Athabasca Oil Corporation bought 43,800 shares of Athabasca Oil stock. The shares were purchased at an average price 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 purchased at an average price 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 stock was purchased at an average cost 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 purchased at an average price 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 cost of C$10.79 per share, with a total value of C$419,731.00.

Athabasca Oil Price Performance

Athabasca Oil stock opened at C$10.90 on Thursday. Athabasca Oil Co. has a 52 week low of C$5.98 and a 52 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. The firm’s 50-day simple moving average is C$10.54 and its 200 day simple moving average is C$10.55. The firm has a market capitalization of C$5.25 billion, a PE ratio of 23.19, a P/E/G ratio of -0.51 and a beta of -0.23.

Athabasca Oil (TSE:ATH) last issued its quarterly earnings data 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 firm had revenue of C$306.54 million for the quarter. On average, equities research analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ATH shares. Desjardins set a C$12.50 price objective on shares of Athabasca Oil and gave the stock a “hold” rating in a research note on Friday, July 17th. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the company a “buy” rating in a report on Thursday, June 4th. Finally, Royal Bank Of Canada raised their price target on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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 suggests management confidence: Athabasca Oil Corporation purchased 417,700 ATH shares in nine open-market transactions from Aug. 19 through Aug. 31, investing approximately C$4.50 million at prices ranging from C$10.54 to C$11.06 per share. The latest purchase involved 43,800 shares for C$473,040. The insider’s reported holdings increased to 994,200 shares. Repeated purchases of roughly C$500,000 each may support investor sentiment by signaling that insiders view the stock as attractively valued. Athabasca Oil insider purchases
• Neutral Sentiment: Analyst consensus remains “Hold”: The average analyst target is C$11.50, with ratings consisting of three Buys and four Holds. Individual targets range from C$12.50 at Desjardins and RBC to C$14.00 at Jefferies, but the consensus indicates limited conviction in a near-term revaluation. Athabasca Oil analyst consensus
• Neutral Sentiment: Critical-minerals possibility is longer term: Research suggests oil-sands waste could contain valuable critical minerals. While this may eventually create an additional resource opportunity for Canadian oil-sands operators, the report identifies no specific Athabasca project, financial benefit, or near-term earnings impact. Oil-sands waste critical-minerals research

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’.