Obsidian Energy (TSE:OBE) Announces Quarterly Earnings Results

Obsidian Energy (TSE:OBE) issued its quarterly earnings data on Thursday. The company reported C$0.26 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$150.00 million during the quarter. Obsidian Energy had a net margin of 4.96% and a return on equity of 2.00%.

Obsidian Energy Stock Performance

Shares of OBE stock traded up C$0.87 during trading on Friday, reaching C$13.71. 349,606 shares of the company’s stock traded hands, compared to its average volume of 368,772. Obsidian Energy has a 1 year low of C$7.65 and a 1 year high of C$19.83. The company has a market capitalization of C$914.81 million, a P/E ratio of 32.64, a PEG ratio of 0.08 and a beta of 0.07. The company has a current ratio of 0.78, a quick ratio of 0.41 and a debt-to-equity ratio of 26.77. The firm’s 50-day moving average is C$16.00 and its 200 day moving average is C$14.16.

Insider Buying and Selling at Obsidian Energy

In other news, Director Michael Faust sold 40,200 shares of Obsidian Energy stock in a transaction on 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 completion of the transaction, the director directly owned 17,857 shares in the company, valued at approximately C$303,926.14. The trade was a 69.24% decrease in their ownership of the stock. Also, insider William Clifford Swadling sold 22,950 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of C$16.75, for a total transaction of C$384,412.50. Following the completion of the sale, the insider directly owned 205,277 shares in the company, valued at approximately C$3,438,389.75. The trade was a 10.06% decrease in their ownership of the stock. In the last 90 days, insiders have sold 86,850 shares of company stock worth $1,460,852. Company insiders own 1.20% of the company’s stock.

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.