Key Points
- Athabasca Oil insider buying continued: An insider purchased 36,800 shares for C$404,432, increasing the position by 4.87% to 791,800 shares. Including other recent transactions, the insider bought approximately 390,400 shares for C$4.17 million between July 20 and July 31.
- Athabasca Oil reported quarterly earnings of C$0.13 per share on C$306.54 million in revenue, with a 17.68% net margin and 12.57% return on equity.
- The stock opened at C$10.06, down 2.9%, below its 50-day moving average of C$10.78 but near its 200-day average of C$10.15. Analysts hold a consensus rating of “Hold” with an average price target of C$11.50.
Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation acquired 36,800 shares of the company's stock in a transaction on Friday, July 24th. The shares were purchased at an average cost of C$10.99 per share, for a total transaction of C$404,432.00. Following the acquisition, the insider owned 791,800 shares of the company's stock, valued at approximately C$8,701,882. The trade was a 4.87% increase in their position.
Athabasca Oil Corporation also recently made the following trade(s):
- On Monday, July 20th, Athabasca Oil Corporation bought 38,100 shares of Athabasca Oil stock. The stock was 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 bought 38,900 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.79 per share, with a total value of C$419,731.00.
- On Wednesday, July 22nd, Athabasca Oil Corporation purchased 37,500 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.85 per share, for a total transaction of C$406,875.00.
- On Thursday, July 23rd, Athabasca Oil Corporation purchased 37,300 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$11.25 per share, for a total transaction of C$419,625.00.
- On Monday, July 27th, Athabasca Oil Corporation acquired 39,500 shares of Athabasca Oil stock. The stock was purchased 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 bought 39,400 shares of Athabasca Oil stock. The shares were acquired 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 bought 39,900 shares of Athabasca Oil stock. The shares were acquired 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 bought 39,500 shares of Athabasca Oil stock. The stock was acquired 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 purchased 43,500 shares of Athabasca Oil stock. The shares were acquired 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 acquired at an average cost of C$10.77 per share, for a total transaction of C$509,421.00.
Athabasca Oil Trading Down 2.9%
TSE ATH opened at C$10.06 on Wednesday. The firm's fifty day moving average is C$10.78 and its two-hundred day moving average is C$10.15. Athabasca Oil Co. has a one year low of C$5.57 and a one year high of C$12.86. The company has a debt-to-equity ratio of 10.95, a quick ratio of 1.24 and a current ratio of 1.90. The firm has a market cap of C$4.84 billion, a PE ratio of 21.40, a P/E/G ratio of -0.51 and a beta of -0.19.
Athabasca Oil (TSE:ATH - Get Free Report) last announced its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share for the quarter. The business had revenue of C$306.54 million during the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. Analysts expect that Athabasca Oil Co. will post 0.5403473 earnings per share for the current year.
Key Headlines Impacting Athabasca Oil
Here are the key news stories impacting Athabasca Oil this week:
- Positive Sentiment: Athabasca Oil Corporation bought a combined 390,400 shares of Athabasca Oil between July 20 and July 31 for approximately C$4.17 million, at an average price of about C$10.68 per share. The purchases increased the insider’s direct ownership to 993,600 shares, valued at roughly C$10.34 million. The sustained buying—particularly as shares traded near or below the purchase prices—may support investor confidence that management views the stock as attractively valued. Athabasca Oil insider trading report
- Neutral Sentiment: The purchases were made several days before the transactions were reported and appear to be the same insider’s repeated acquisitions rather than a new company announcement. Investors should therefore weigh the signal alongside oil prices, production results and Athabasca’s upcoming financial performance. The stock remains below its 50-day moving average and near its 200-day moving average, suggesting that broader market and commodity factors continue to influence trading. Athabasca Oil stock information
Analysts Set New Price Targets
ATH has been the topic of a number of recent research reports. Jefferies Financial Group set a C$14.00 target price on Athabasca Oil and gave the company a "buy" rating in a report on Thursday, June 4th. Royal Bank Of Canada increased their price target on Athabasca Oil from C$12.00 to C$12.50 and gave the stock a "sector perform" rating in a report on Friday, May 8th. Finally, Desjardins set a C$12.50 price objective on shares of Athabasca Oil and gave the company a "hold" rating in a research report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Athabasca Oil has an average rating of "Hold" and an average price target of C$11.50.
View Our Latest Stock Report on Athabasca Oil
Athabasca Oil Company Profile
(
Get Free Report)
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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