Insider Buying: Athabasca Oil (TSE:ATH) Insider Buys C$501,840.00 in Stock

by · The Markets Daily

Athabasca Oil Co. (TSE:ATH – Get Free Report) insider Athabasca Oil Corporation acquired 49,200 shares of Athabasca Oil stock in a transaction on Thursday, September 24th. The shares were purchased at an average cost of C$10.20 per share, for a total transaction of C$501,840.00. Following the acquisition, the insider owned 840,700 shares in the company, valued at approximately C$8,575,140. This represents a 6.22% increase in their position.

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 stock was purchased at an average price of C$10.08 per share, for a total transaction of C$497,952.00.
  • On Tuesday, September 22nd, Athabasca Oil Corporation bought 49,500 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.14 per share, with a total value of C$501,930.00.
  • On Wednesday, September 23rd, Athabasca Oil Corporation bought 49,400 shares of Athabasca Oil stock. The stock was purchased at an average cost of C$10.10 per share, with a total value of C$498,940.00.
  • On Friday, September 25th, Athabasca Oil Corporation bought 48,600 shares of Athabasca Oil stock. The shares were purchased 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 purchased 47,700 shares of Athabasca Oil stock. The shares were 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 cost 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 stock was 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 stock was purchased 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 acquired 45,300 shares of Athabasca Oil stock. The stock was purchased at an average price 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 shares were purchased at an average cost of C$10.78 per share, with a total value of C$500,192.00.

Athabasca Oil Stock Performance

Shares of TSE:ATH opened at C$10.58 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 10.95. Athabasca Oil Co. has a 1-year low of C$6.11 and a 1-year high of C$12.86. The stock has a market capitalization of C$5.09 billion, a P/E ratio of 22.51, a P/E/G ratio of -0.51 and a beta of -0.17. The business has a 50-day moving average price of C$10.57 and a two-hundred day moving average price of C$10.82.

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

Wall Street Analyst Weigh In

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

Read Our Latest Report on ATH

Key Stories 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.

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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