Athabasca Oil (TSE:ATH) Insider Buys C$501,930.00 in Stock

Athabasca Oil Co. (TSE:ATH) insider Athabasca Oil Corporation purchased 49,500 shares of the stock in a transaction on Tuesday, September 22nd. The shares were bought at an average price of C$10.14 per share, for a total transaction of C$501,930.00. Following the acquisition, the insider owned 742,100 shares of the company’s stock, valued at approximately C$7,524,894. The trade was a 7.15% increase in their ownership of the stock.

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

• On Monday, September 21st, Athabasca Oil Corporation purchased 49,400 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.08 per share, for a total transaction of C$497,952.00.
• On Wednesday, September 23rd, Athabasca Oil Corporation acquired 49,400 shares of Athabasca Oil stock. The stock was purchased at an average price of C$10.10 per share, with a total value of C$498,940.00.
• On Thursday, September 24th, Athabasca Oil Corporation acquired 49,200 shares of Athabasca Oil stock. The shares were purchased at an average cost 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 purchased at an average price of C$10.23 per share, for a total transaction 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 price of C$10.45 per share, for a total transaction of C$498,465.00.
• On Tuesday, September 29th, Athabasca Oil Corporation bought 48,700 shares of Athabasca Oil stock. The shares were purchased at an average cost of C$10.28 per share, with a total value of C$500,636.00.
• On Wednesday, August 19th, Athabasca Oil Corporation bought 46,200 shares of Athabasca Oil stock. The shares were purchased at an average cost 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 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 purchased 45,300 shares of Athabasca Oil stock. The stock was acquired at an average cost 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 stock was acquired at an average price of C$10.78 per share, for a total transaction of C$500,192.00.

Athabasca Oil Trading Up 1.8%

Athabasca Oil stock opened at C$10.58 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 firm has a market capitalization of C$5.09 billion, a PE ratio of 22.51, a PEG ratio of -0.51 and a beta of -0.17. The business’s 50-day simple moving average is C$10.57 and its 200-day simple moving average is C$10.82.

Athabasca Oil (TSE:ATH) 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 firm 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%. Equities research analysts forecast 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 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ATH shares. 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. Finally, Royal Bank Of Canada set a C$12.00 price target on shares of Athabasca Oil and gave the company a “sector perform” rating in a report on Thursday, September 10th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$11.56.

About Athabasca Oil

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’.