Obsidian Energy (TSE:OBE) Posts Earnings Results

Obsidian Energy (TSE:OBE) released its earnings results on Thursday. The company reported C$0.61 EPS for the quarter, FiscalAI reports. Obsidian Energy had a return on equity of 0.08% and a net margin of 0.21%.The company had revenue of C$181.30 million during the quarter.

Obsidian Energy Stock Performance

OBE traded up C$0.26 during trading hours on Thursday, hitting C$14.11. 181,060 shares of the stock were exchanged, compared to its average volume of 383,318. Obsidian Energy has a 12 month low of C$7.62 and a 12 month high of C$19.83. The stock has a 50-day simple moving average of C$13.88 and a 200-day simple moving average of C$13.05. The company has a debt-to-equity ratio of 19.51, a current ratio of 0.58 and a quick ratio of 0.41. The stock has a market cap of C$942.22 million, a price-to-earnings ratio of 1,411.00, a price-to-earnings-growth ratio of 0.08 and a beta of -0.30.

Insider Buying and Selling

In other news, insider Gareth Robin Sykes sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of C$17.74, for a total transaction 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. Also, Director Stephen Loukas purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were bought at an average price of C$11.17 per share, for a total transaction of C$55,850.00. Following the completion of the transaction, the director directly owned 1,663,711 shares in the company, valued at approximately C$18,583,651.87. This trade represents a 0.30% increase in their position. Insiders have acquired a total of 30,600 shares of company stock worth $461,458 over the last quarter. 1.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Royal Bank Of Canada raised shares of Obsidian Energy to a “hold” rating in a report on Monday, May 11th. Raymond James Financial upped 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.