Obsidian Energy (TSE:OBE) Director Michael Faust Sells 40,200 Shares

Obsidian Energy Ltd. (TSE:OBE) Director Michael Faust sold 40,200 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of C$17.02, for a total value of C$684,204.00. Following the sale, the director owned 17,857 shares of the company’s stock, valued at approximately C$303,926.14. This trade represents a 69.24% decrease in their position.

Obsidian Energy Stock Performance

Shares of TSE OBE opened at C$16.41 on Friday. The company has a debt-to-equity ratio of 26.77, a quick ratio of 0.41 and a current ratio of 0.78. The firm has a market cap of C$1.09 billion, a price-to-earnings ratio of 39.07, a P/E/G ratio of 0.08 and a beta of -0.38. The business’s 50-day simple moving average is C$14.17 and its 200-day simple moving average is C$14.10. Obsidian Energy Ltd. has a 52 week low of C$7.65 and a 52 week high of C$19.83.

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

Wall Street Analysts Forecast Growth

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

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.