Athabasca Oil Corporation Acquires 49,100 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 49,100 shares of Athabasca Oil stock in a transaction dated Friday, August 28th. The shares were bought at an average price of C$10.67 per share, with a total value of C$523,897.00. Following the completion of the transaction, the insider owned 947,300 shares in the company, valued at approximately C$10,107,691. This trade represents a 5.47% increase in their position.

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 stock was purchased 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 acquired 45,500 shares of Athabasca Oil stock. The stock was purchased at an average cost 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 purchased 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 shares were purchased 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 bought 47,600 shares of Athabasca Oil stock. The shares were purchased 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 stock was purchased 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 bought 43,800 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.80 per share, for a total transaction of C$473,040.00.
• On Monday, August 31st, Athabasca Oil Corporation purchased 46,900 shares of Athabasca Oil stock. The shares were purchased 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 shares were purchased 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 stock was acquired at an average cost of C$10.79 per share, for a total transaction of C$419,731.00.

Athabasca Oil Stock Performance

TSE:ATH opened at C$10.90 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95. The firm has a 50-day moving average price of C$10.54 and a two-hundred day moving average price of C$10.55. Athabasca Oil Co. has a twelve month low of C$5.98 and a twelve month high of C$12.86. The company has a market capitalization of C$5.25 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of -0.51 and a beta of -0.23.

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 (EPS) for the quarter. The company 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%. As a group, research analysts expect that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ATH. Desjardins set a C$12.50 price target on Athabasca Oil and gave the stock a “hold” rating in a report on Friday, July 17th. Royal Bank Of Canada upped their target price on shares of Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a report on Friday, May 8th. Finally, Jefferies Financial Group set a C$14.00 price target on shares of Athabasca Oil and gave the stock 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. According to data from MarketBeat.com, the stock currently has an average 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’.