Athabasca Oil Corporation Buys 45,500 Shares of Athabasca Oil (TSE:ATH) Stock

Athabasca Oil Co. (TSE:ATHGet Free Report) insider Athabasca Oil Corporation bought 45,500 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were acquired at an average price of C$11.02 per share, with a total value of C$501,410.00. Following the transaction, the insider directly owned 668,200 shares of the company’s stock, valued at approximately C$7,363,564. This trade represents a 7.31% increase in their ownership of the stock.

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 acquired at an average cost of C$10.82 per share, for a total transaction of C$499,884.00.
  • On Friday, August 21st, Athabasca Oil Corporation purchased 45,300 shares of Athabasca Oil stock. The shares were acquired at an average price of C$11.06 per share, for a total transaction of C$501,018.00.
  • On Monday, August 24th, Athabasca Oil Corporation purchased 46,400 shares of Athabasca Oil stock. The shares were acquired at an average price of C$10.78 per share, for a total transaction of C$500,192.00.
  • On Tuesday, August 25th, Athabasca Oil Corporation acquired 47,600 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$10.54 per share, with a total value of C$501,704.00.
  • On Wednesday, August 26th, Athabasca Oil Corporation acquired 46,900 shares of Athabasca Oil stock. The stock was acquired at an average price 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 acquired at an average cost 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 bought 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 shares were bought at an average price 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 bought 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 shares were bought at an average price 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 business’s fifty day moving average is C$10.54 and its 200 day moving average is C$10.55. The firm has a market cap of C$5.25 billion, a price-to-earnings ratio of 23.19, a PEG ratio of -0.51 and a beta of -0.23. The company has a debt-to-equity ratio of 10.95, a quick ratio of 1.24 and a current ratio of 1.90. Athabasca Oil Co. has a 52-week low of C$5.98 and a 52-week high of C$12.86.

Athabasca Oil (TSE:ATHGet Free Report) last issued its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 EPS for the quarter. The business had revenue of C$306.54 million during the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%. Research analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Desjardins set a C$12.50 price objective on shares of Athabasca Oil and gave the company a “hold” rating in a research note on Friday, July 17th. Royal Bank Of Canada raised their price target 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 company a “buy” rating in a research report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$11.50.

Read Our Latest Report on ATH

Key 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

About Athabasca Oil

(Get Free Report)

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’.

See Also

Insider Buying and Selling by Quarter for Athabasca Oil (TSE:ATH)

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