William Clifford Swadling Sells 22,950 Shares of Obsidian Energy (TSE:OBE) Stock

Obsidian Energy Ltd. (TSE:OBE) insider William Clifford Swadling sold 22,950 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of C$16.75, for a total value of C$384,412.50. Following the sale, the insider directly owned 205,277 shares in the company, valued at C$3,438,389.75. This trade represents a 10.06% decrease in their ownership of the stock.

William Clifford Swadling also recently made the following trade(s):

• On Wednesday, August 19th, William Clifford Swadling sold 23,700 shares of Obsidian Energy stock. The stock was sold at an average price of C$16.55, for a total value of C$392,235.00.

Obsidian Energy Stock Performance

Shares of OBE opened at C$16.46 on Friday. Obsidian Energy Ltd. has a one year low of C$7.65 and a one year high of C$19.83. The company has a 50-day moving average of C$13.51 and a two-hundred day moving average of C$13.69. The company has a debt-to-equity ratio of 26.77, a current ratio of 0.78 and a quick ratio of 0.41. The stock has a market cap of C$1.10 billion, a price-to-earnings ratio of 39.19, a PEG ratio of 0.08 and a beta of -0.32.

Obsidian Energy (TSE:OBE) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.61 earnings per share for the quarter. Obsidian Energy had a net margin of 4.96% and a return on equity of 2.00%. The firm had revenue of C$176.10 million for the quarter. On average, equities research analysts expect that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on OBE shares. Raymond James Financial increased their price objective on Obsidian Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Royal Bank Of Canada upgraded shares of Obsidian Energy to a “hold” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$14.00.

About Obsidian Energy

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.