Athabasca Oil Co. (TSE:ATH – Get Free Report) insider Athabasca Oil Corporation purchased 39,500 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were acquired at an average cost of C$10.56 per share, with a total value of C$417,120.00. Following the completion of the transaction, the insider directly owned 831,300 shares of the company’s stock, valued at C$8,778,528. The trade was a 4.99% increase in their position.
Athabasca Oil Corporation also recently made the following trade(s):
- On Monday, July 20th, Athabasca Oil Corporation purchased 38,100 shares of Athabasca Oil stock. The shares were acquired at an average price 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 acquired at an average price 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 acquired at an average cost of C$10.85 per share, with a total value of C$406,875.00.
- On Thursday, July 23rd, Athabasca Oil Corporation bought 37,300 shares of Athabasca Oil stock. The shares were acquired 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 bought 36,800 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.99 per share, for a total transaction of C$404,432.00.
- On Tuesday, July 28th, Athabasca Oil Corporation purchased 39,400 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.38 per share, for a total transaction of C$408,972.00.
- On Wednesday, July 29th, Athabasca Oil Corporation purchased 39,900 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.47 per share, with a total value of C$417,753.00.
- On Thursday, July 30th, Athabasca Oil Corporation acquired 39,500 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.45 per share, with a total value of C$412,775.00.
- On Friday, July 31st, Athabasca Oil Corporation acquired 43,500 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.41 per share, with a total value of C$452,835.00.
- On Tuesday, June 23rd, Athabasca Oil Corporation bought 47,300 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.77 per share, for a total transaction of C$509,421.00.
Athabasca Oil Stock Performance
Shares of TSE ATH traded down C$0.28 during trading on Tuesday, reaching C$10.08. 1,296,208 shares of the stock traded hands, compared to its average volume of 2,552,608. Athabasca Oil Co. has a 52-week low of C$5.57 and a 52-week 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. The company has a 50-day moving average of C$10.81 and a 200-day moving average of C$10.13. The stock has a market capitalization of C$4.85 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of -0.51 and a beta of -0.19.
Trending Headlines about Athabasca Oil
Here are the key news stories impacting Athabasca Oil this week:
- Positive Sentiment: The insider’s direct ownership increased from 641,300 to 993,600 shares, a gain of roughly 55% over the reported transactions. Repeated purchases—rather than a single trade—may indicate confidence in Athabasca Oil’s valuation and outlook, potentially supporting the stock after its recent decrease. Athabasca Oil insider trading information
- Neutral Sentiment: The purchases were made at an average price of approximately C$10.68 per share, above the recently cited C$10.08 trading level. This provides a reference point for investor sentiment but does not guarantee that the stock will recover, particularly as ATH remains below its 50-day moving average and well below its 52-week high.
Wall Street Analyst Weigh In
ATH has been the topic of a number of analyst reports. Jefferies Financial Group set a C$14.00 target price on shares of Athabasca Oil and gave the company a “buy” rating in a report on Thursday, June 4th. Desjardins set a C$12.50 price target on Athabasca Oil and gave the company a “hold” rating in a research report on Friday, July 17th. Finally, Royal Bank Of Canada boosted their price objective on Athabasca Oil from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Athabasca Oil has a consensus rating of “Hold” and a consensus target price of C$11.50.
Check Out Our Latest Stock Analysis on Athabasca Oil
About Athabasca Oil
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.
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