Insider Buying: Athabasca Oil (TSE:ATH) Insider Purchases C$497,952.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 49,400 shares of Athabasca Oil stock in a transaction dated Monday, September 21st. The stock was bought at an average cost of C$10.08 per share, for a total transaction of C$497,952.00. Following the completion of the purchase, the insider directly owned 692,600 shares in the company, valued at approximately C$6,981,408. This trade represents a 7.68% increase in their position.

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

• 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 shares were bought at an average cost of C$10.10 per share, with a total value 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 price of C$10.20 per share, with a total value of C$501,840.00.
• On Friday, September 25th, Athabasca Oil Corporation bought 48,600 shares of Athabasca Oil stock. The stock was bought at an average price of C$10.23 per share, with a total value of C$497,178.00.
• On Monday, September 28th, Athabasca Oil Corporation bought 47,700 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$498,465.00.
• On Tuesday, September 29th, Athabasca Oil Corporation purchased 48,700 shares of Athabasca Oil stock. The shares were purchased at an average price of C$10.28 per share, for a total transaction of C$500,636.00.
• On Wednesday, August 19th, Athabasca Oil Corporation purchased 46,200 shares of Athabasca Oil stock. The shares were purchased at an average price 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 shares were purchased at an average price of C$11.02 per share, with a total value of C$501,410.00.
• On Friday, August 21st, Athabasca Oil Corporation acquired 45,300 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$11.06 per share, with a total value of C$501,018.00.
• On Monday, August 24th, Athabasca Oil Corporation acquired 46,400 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.78 per share, with a total value of C$500,192.00.

Athabasca Oil Stock Up 1.8%

Shares of TSE:ATH opened at C$10.58 on Friday. The company has a debt-to-equity ratio of 10.95, a current ratio of 1.90 and a quick ratio of 1.24. The firm has a market capitalization of C$5.09 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of -0.51 and a beta of -0.17. The firm’s 50-day moving average is C$10.57 and its two-hundred day moving average is C$10.82. Athabasca Oil Co. has a 1 year low of C$6.11 and a 1 year high of C$12.86.

Athabasca Oil (TSE:ATH) last posted its quarterly earnings data 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 for the quarter. Athabasca Oil had a return on equity of 12.57% and a net margin of 17.68%. Analysts predict that Athabasca Oil Co. will post 0.5403473 EPS for the current year.

Athabasca Oil News Summary

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

• Positive Sentiment: Athabasca Oil Corporation purchased 342,500 ATH shares in seven transactions from September 21 through September 29, investing approximately C$3.50 million at prices between C$10.08 and C$10.45. Repeated buying near the prevailing market price may signal management confidence and support the stock. Insider purchase article
• Positive Sentiment: Following the September 29 purchase, the insider’s direct ownership reached 985,700 shares, valued at roughly C$10.13 million. The sustained accumulation, including additional purchases in August, is the main apparent catalyst behind the improved investor sentiment toward ATH.
• Neutral Sentiment: The purchases occurred between September 21 and September 29, so they do not represent a fresh change to Athabasca Oil’s production, earnings outlook, balance sheet, or commodity-price exposure. Their impact is primarily sentiment-driven.
• Neutral Sentiment: Athabasca Oil was recently trading near C$10.58, versus a 52-week range of C$6.11 to C$12.86. Its consensus analyst rating remains Hold, with an average price target of C$11.56; individual targets range from C$12.00 to C$14.00. This suggests moderate potential upside, but limited analyst conviction.
• Negative Sentiment: Valuation and financial-risk considerations could restrain further gains: ATH carries a debt-to-equity ratio of 10.95 and trades at approximately 22 times earnings. The stock also remains below its 200-day moving average of C$10.82, indicating that technical momentum is not uniformly strong.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ATH shares. Desjardins set a C$12.50 price target on Athabasca Oil and gave the company a “hold” rating in a research report on Friday, July 17th. Royal Bank Of Canada set a C$12.00 price objective on Athabasca Oil and gave the stock a “sector perform” rating in a research report on Thursday, September 10th. Finally, BMO Capital Markets lowered shares of Athabasca Oil from an “outperform” rating to a “hold” rating and set a C$12.50 target price on the stock. in a research note on Wednesday, September 16th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$11.56.

Athabasca Oil Company Profile

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’.