Athabasca Oil Co. (TSE:ATH – Get Free Report) insider Athabasca Oil Corporation purchased 37,500 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were bought at an average price of C$10.85 per share, with a total value of C$406,875.00. Following the purchase, the insider owned 717,700 shares in the company, valued at C$7,787,045. This represents a 5.51% 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 bought at an average cost of C$10.79 per share, for a total transaction of C$419,731.00.
- On Thursday, July 23rd, Athabasca Oil Corporation bought 37,300 shares of Athabasca Oil stock. The stock was bought at an average price of C$11.25 per share, with a total value of C$419,625.00.
- On Friday, July 24th, Athabasca Oil Corporation bought 36,800 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.99 per share, with a total value of C$404,432.00.
- On Monday, July 27th, Athabasca Oil Corporation bought 39,500 shares of Athabasca Oil stock. The shares were bought at an average cost 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 bought at an average price 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, for a total transaction of C$417,753.00.
- On Thursday, July 30th, Athabasca Oil Corporation purchased 39,500 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.45 per share, for a total transaction of C$412,775.00.
- On Friday, July 31st, Athabasca Oil Corporation acquired 43,500 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.41 per share, with a total value of C$452,835.00.
- On Tuesday, June 23rd, Athabasca Oil Corporation acquired 47,300 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.77 per share, with a total value of C$509,421.00.
Athabasca Oil Stock Performance
TSE:ATH opened at C$9.61 on Thursday. Athabasca Oil Co. has a 1 year low of C$5.57 and a 1 year high of C$12.86. The firm’s fifty day simple moving average is C$10.75 and its 200 day simple moving average is C$10.17. 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 market capitalization of C$4.63 billion, a PE ratio of 20.45, a PEG ratio of -0.51 and a beta of -0.23.
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.
Analyst Ratings Changes
Several equities analysts recently weighed in on ATH shares. Royal Bank Of Canada boosted their price objective 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. Desjardins set a C$12.50 price target on Athabasca Oil and gave the stock a “hold” rating in a research report on Friday, July 17th. Finally, 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. Three 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, Athabasca Oil presently has an average rating of “Hold” and a consensus target price of C$11.50.
Read 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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