Obsidian Energy (TSE:OBE) Insider Gareth Robin Sykes Sells 5,000 Shares

Obsidian Energy Ltd. (TSE:OBE) insider Gareth Robin Sykes sold 5,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$17.74, for a total value of C$88,700.00. Following the completion of the transaction, the insider directly owned 147,977 shares of the company’s stock, valued at approximately C$2,625,111.98. This represents a 3.27% decrease in their ownership of the stock.

Gareth Robin Sykes also recently made the following trade(s):

• On Friday, May 8th, Gareth Robin Sykes sold 5,000 shares of Obsidian Energy stock. The stock was sold at an average price of C$17.30, for a total transaction of C$86,500.00.
• On Thursday, March 19th, Gareth Robin Sykes sold 5,000 shares of Obsidian Energy stock. The shares were sold at an average price of C$12.24, for a total transaction of C$61,200.00.
• On Thursday, March 19th, Gareth Robin Sykes sold 7,850 shares of Obsidian Energy stock. The stock was sold at an average price of C$12.04, for a total transaction of C$94,514.00.
• On Thursday, March 19th, Gareth Robin Sykes sold 1,885 shares of Obsidian Energy stock. The shares were sold at an average price of C$12.13, for a total transaction of C$22,865.05.

Obsidian Energy Price Performance

OBE traded up C$0.33 during trading on Thursday, reaching C$18.14. The company’s stock had a trading volume of 189,752 shares, compared to its average volume of 409,454. The company has a market cap of C$1.23 billion, a price-to-earnings ratio of 1,814.00, a PEG ratio of 0.08 and a beta of -0.21. The firm has a fifty day simple moving average of C$14.06 and a two-hundred day simple moving average of C$10.76. Obsidian Energy Ltd. has a 1 year low of C$6.42 and a 1 year high of C$19.83. The company has a quick ratio of 0.41, a current ratio of 0.58 and a debt-to-equity ratio of 19.51.

Obsidian Energy (TSE:OBE) last posted its quarterly earnings results on Thursday, May 7th. The company reported C($0.27) EPS for the quarter. The company had revenue of C$138.50 million during the quarter. Obsidian Energy had a net margin of 0.21% and a return on equity of 0.08%. As a group, analysts anticipate that Obsidian Energy Ltd. will post 1.5996205 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on OBE. Royal Bank Of Canada raised shares of Obsidian Energy to a “hold” rating in a research note on Monday. BMO Capital Markets raised their price target on shares of Obsidian Energy from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, Raymond James Financial upped their price objective on Obsidian Energy from C$14.00 to C$19.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Obsidian Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$13.67.

Obsidian Energy Company Profile

Obsidian Energy is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets, primarily in the Peace River, Willesden Green and Viking areas in Alberta. The Company’s business is to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.