Athabasca Oil Co. (TSE:ATH – Get Free Report) insider Athabasca Oil Corporation bought 45,300 shares of the business’s stock in a transaction on Friday, August 21st. The shares were acquired at an average cost of C$11.06 per share, for a total transaction of C$501,018.00. Following the purchase, the insider directly owned 713,500 shares in the company, valued at C$7,891,310. This represents a 6.78% 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 shares were acquired at an average price of C$10.82 per share, with a total value of C$499,884.00.
- On Thursday, August 20th, Athabasca Oil Corporation purchased 45,500 shares of Athabasca Oil stock. The stock was acquired at an average cost of C$11.02 per share, with a total value of C$501,410.00.
- On Monday, August 24th, Athabasca Oil Corporation acquired 46,400 shares of Athabasca Oil stock. The shares were bought 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 purchased 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 acquired 46,900 shares of Athabasca Oil stock. The stock was acquired 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 acquired 43,800 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.80 per share, with a total value of C$473,040.00.
- On Friday, August 28th, Athabasca Oil Corporation bought 49,100 shares of Athabasca Oil stock. The stock was 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 cost of C$10.68 per share, for a total transaction of C$500,892.00.
- On Monday, July 20th, Athabasca Oil Corporation bought 38,100 shares of Athabasca Oil stock. The shares were 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 purchased 38,900 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.79 per share, with a total value of C$419,731.00.
Athabasca Oil Price Performance
TSE ATH opened at C$11.05 on Wednesday. The stock’s 50-day moving average price is C$10.53 and its two-hundred day moving average price is C$10.53. 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 company has a market cap of C$5.32 billion, a PE ratio of 23.51, a PEG ratio of -0.51 and a beta of -0.23. Athabasca Oil Co. has a 1 year low of C$5.98 and a 1 year high of C$12.86.
Athabasca Oil News Summary
Here are the key news stories impacting Athabasca Oil this week:
- Positive Sentiment: Heavy insider buying signals confidence: Athabasca Oil Corporation acquired 417,700 ATH shares in nine transactions from Aug. 19 through Aug. 31, spending approximately C$4.50 million. The purchases were made at prices ranging from C$10.54 to C$11.06 per share, increasing the insider’s reported holdings to 994,200 shares. Repeated open-market purchases of roughly C$500,000 each can be viewed as a bullish signal about management’s confidence in the company’s valuation and outlook. Athabasca Oil insider transactions
- Neutral Sentiment: Analysts remain cautious: Athabasca Oil received a consensus recommendation of “Hold.” The rating suggests analysts see a relatively balanced risk-reward profile at current levels rather than a clear catalyst for a stronger revaluation. Athabasca Oil receives consensus Hold recommendation
- Neutral Sentiment: Potential longer-term resource opportunity: Research indicates that oil-sands waste may contain critical minerals, which could eventually create additional value for companies operating in Canada’s oil-sands sector. However, the report does not identify a specific project, estimate economic benefits for Athabasca Oil, or provide a near-term earnings catalyst. Canada’s oil sands waste and critical minerals
Analyst Upgrades and Downgrades
Several brokerages have issued reports on ATH. Royal Bank Of Canada boosted 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 research note on Friday, May 8th. Desjardins set a C$12.50 price target on Athabasca Oil and gave the company a “hold” rating in a report on Friday, July 17th. Finally, Jefferies Financial Group set a C$14.00 price target on Athabasca Oil and gave the company a “buy” rating in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Athabasca Oil presently has an average rating of “Hold” and a consensus price target of C$11.50.
View Our Latest Stock Report on ATH
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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