Obsidian Energy (TSE:OBE) Director Buys C$55,850.00 in Stock

Obsidian Energy Ltd. (TSE:OBE) Director Stephen Loukas bought 5,000 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was bought at an average cost of C$11.17 per share, with a total value of C$55,850.00. Following the transaction, the director owned 1,663,711 shares in the company, valued at C$18,583,651.87. This trade represents a 0.30% increase in their position.

Stephen Loukas also recently made the following trade(s):

• On Wednesday, June 17th, Stephen Loukas purchased 1,000 shares of Obsidian Energy stock. The shares were purchased at an average cost of C$13.44 per share, for a total transaction of C$13,440.00.
• On Thursday, May 14th, Stephen Loukas purchased 10,000 shares of Obsidian Energy stock. The stock was purchased at an average price of C$17.99 per share, for a total transaction of C$179,900.00.
• On Thursday, May 14th, Stephen Loukas acquired 1,000 shares of Obsidian Energy stock. The shares were purchased at an average price of C$18.22 per share, with a total value of C$18,220.00.
• On Wednesday, May 13th, Stephen Loukas bought 1,600 shares of Obsidian Energy stock. The stock was purchased at an average cost of C$18.02 per share, for a total transaction of C$28,832.00.
• On Friday, May 8th, Stephen Loukas acquired 5,000 shares of Obsidian Energy stock. The stock was acquired at an average price of C$17.26 per share, for a total transaction of C$86,300.00.

Obsidian Energy Stock Performance

Obsidian Energy stock traded up C$0.85 during trading on Wednesday, reaching C$12.41. The company had a trading volume of 903,843 shares, compared to its average volume of 384,031. The firm’s 50-day simple moving average is C$15.37 and its 200 day simple moving average is C$12.46. The company has a current ratio of 0.58, a quick ratio of 0.41 and a debt-to-equity ratio of 19.51. Obsidian Energy Ltd. has a 52 week low of C$7.24 and a 52 week high of C$19.83. The firm has a market capitalization of C$828.70 million, a price-to-earnings ratio of 1,241.00, a price-to-earnings-growth ratio of 0.08 and a beta of -0.30.

Obsidian Energy (TSE:OBE) last announced its quarterly earnings data on Thursday, May 7th. The company reported C($0.27) earnings per share (EPS) for the quarter. Obsidian Energy had a net margin of 0.21% and a return on equity of 0.08%. The company had revenue of C$138.50 million for the quarter. Sell-side analysts forecast that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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