Athabasca Oil Corporation Acquires 43,500 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation acquired 43,500 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were bought at an average price of C$10.41 per share, for a total transaction of C$452,835.00. Following the acquisition, the insider directly owned 993,600 shares of the company’s stock, valued at approximately C$10,343,376. This trade represents a 4.58% increase in their position.

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

• On Monday, July 20th, Athabasca Oil Corporation acquired 38,100 shares of Athabasca Oil stock. The shares were bought at an average cost 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 purchased 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 bought 37,500 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.85 per share, for a total transaction of C$406,875.00.
• On Thursday, July 23rd, Athabasca Oil Corporation bought 37,300 shares of Athabasca Oil stock. The stock was purchased 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 purchased 39,500 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.56 per share, with a total value of C$417,120.00.
• On Tuesday, July 28th, Athabasca Oil Corporation purchased 39,400 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.38 per share, with a total value of C$408,972.00.
• On Wednesday, July 29th, Athabasca Oil Corporation acquired 39,900 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.47 per share, for a total transaction of C$417,753.00.
• On Thursday, July 30th, Athabasca Oil Corporation acquired 39,500 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.45 per share, for a total transaction of C$412,775.00.
• On Tuesday, June 23rd, Athabasca Oil Corporation acquired 47,300 shares of Athabasca Oil stock. The stock was acquired 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 stock has a market capitalization of C$4.63 billion, a P/E ratio of 20.45, a P/E/G ratio of -0.51 and a beta of -0.23. The company has a 50-day moving average price of C$10.75 and a 200-day moving average price of C$10.17. Athabasca Oil Co. has a 1 year low of C$5.57 and a 1 year high of C$12.86. The company has a debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24.

Athabasca Oil (TSE:ATH) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share for the quarter. The business had revenue of C$306.54 million for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. On average, equities research analysts forecast that Athabasca Oil Co. will post 0.5403473 EPS for the current fiscal year.

Key Stories Impacting Athabasca Oil

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.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ATH. Jefferies Financial Group set a C$14.00 price target on Athabasca Oil and gave the stock a “buy” rating in a report on Thursday, June 4th. Royal Bank Of Canada lifted 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 report on Friday, May 8th. Finally, Desjardins set a C$12.50 target price on shares of Athabasca Oil and gave the stock a “hold” rating in a research note on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$11.50.

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.