Athabasca Oil (TSE:ATH) Insider Purchases 48,600 Shares of Company Stock

Athabasca Oil Co. (TSE:ATH - Get Free Report) insider Athabasca Oil Corporation purchased 48,600 shares of the business's stock in a transaction on Friday, September 25th. The shares were acquired at an average price of C$10.23 per share, with a total value of C$497,178.00. Following the purchase, the insider owned 889,300 shares of the company's stock, valued at approximately C$9,097,539. This trade represents a 5.78% increase in their ownership of the stock.

Athabasca Oil Corporation also recently made the following trade(s):

• On Monday, September 21st, Athabasca Oil Corporation acquired 49,400 shares of Athabasca Oil stock. The shares were bought at an average cost of C$10.08 per share, for a total transaction of C$497,952.00.
• On Tuesday, September 22nd, Athabasca Oil Corporation acquired 49,500 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.14 per share, for a total transaction of C$501,930.00.
• On Wednesday, September 23rd, Athabasca Oil Corporation acquired 49,400 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.10 per share, for a total transaction of C$498,940.00.
• On Thursday, September 24th, Athabasca Oil Corporation bought 49,200 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.20 per share, with a total value of C$501,840.00.
• On Monday, September 28th, Athabasca Oil Corporation bought 47,700 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$498,465.00.
• On Tuesday, September 29th, Athabasca Oil Corporation bought 48,700 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.28 per share, with a total value of C$500,636.00.
• On Wednesday, August 19th, Athabasca Oil Corporation purchased 46,200 shares of Athabasca Oil stock. The stock was bought at an average cost of C$10.82 per share, for a total transaction of C$499,884.00.
• On Thursday, August 20th, Athabasca Oil Corporation purchased 45,500 shares of Athabasca Oil stock. The stock was bought at an average price of C$11.02 per share, for a total transaction of C$501,410.00.
• On Friday, August 21st, Athabasca Oil Corporation purchased 45,300 shares of Athabasca Oil stock. The stock was bought 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 acquired 46,400 shares of Athabasca Oil stock. The shares were bought at an average price of C$10.78 per share, with a total value of C$500,192.00.

Athabasca Oil Price Performance

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Shares of TSE ATH opened at C$10.39 on Friday. Athabasca Oil Co. has a 52-week low of C$6.11 and a 52-week 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 business has a fifty day moving average of C$10.58 and a two-hundred day moving average of C$10.82. The stock has a market cap of C$5.00 billion, a PE ratio of 22.11, a PEG ratio of -0.51 and a beta of -0.17.

Athabasca Oil (TSE:ATH - Get Free Report) last posted its earnings results on Thursday, July 30th. The oil and gas exploration company reported C$0.13 earnings per share for the quarter. Athabasca Oil had a net margin of 17.68% and a return on equity of 12.57%. The business had revenue of C$306.54 million for the quarter. As a group, equities research analysts expect that Athabasca Oil Co. will post 0.5403473 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ATH has been the topic of several research analyst reports. Desjardins set a C$12.50 price objective on shares of Athabasca Oil and gave the stock a "hold" rating in a research note on Friday, July 17th. BMO Capital Markets cut shares of Athabasca Oil from an "outperform" rating to a "hold" rating and set a C$12.50 target price for the company. in a research note on Wednesday, September 16th. Royal Bank Of Canada set a C$12.00 target price on Athabasca Oil and gave the stock a "sector perform" rating in a report on Thursday, September 10th. Finally, Jefferies Financial Group set a C$14.00 price target on Athabasca Oil and gave the stock a "buy" rating in a research report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$11.56.

Get Our Latest Stock Report on ATH

Trending Headlines about Athabasca Oil

Here are the key news stories impacting Athabasca Oil this week:

• Positive Sentiment: Athabasca Oil Corporation purchased a combined 342,500 shares of Athabasca Oil across seven transactions from September 21 through September 29. The shares were acquired at prices ranging from C$10.08 to C$10.45, representing an aggregate investment of approximately C$3.50 million. Athabasca Oil insider trading information
• Positive Sentiment: The insider’s direct ownership increased to 985,700 shares, valued at approximately C$10.13 million, after the purchases. Repeated buying at prices near the prevailing market level can be viewed as a vote of confidence and may help underpin investor sentiment.
• Neutral Sentiment: The purchases were made between September 21 and September 29, meaning they do not represent an immediate change in Athabasca Oil’s operating performance, earnings outlook, or balance sheet. Their effect is primarily sentiment-driven.

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'.

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