Insider Buying: Obsidian Energy (TSE:OBE) Director Purchases 1,600 Shares of Stock

Obsidian Energy Ltd. (TSE:OBE) Director Stephen Loukas purchased 1,600 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of C$18.02 per share, with a total value of C$28,832.00. Following the acquisition, the director directly owned 1,311,146 shares of the company’s stock, valued at C$23,626,850.92. This trade represents a 0.12% increase in their position.

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

• On Friday, May 8th, Stephen Loukas bought 5,000 shares of Obsidian Energy stock. The shares were bought at an average price of C$17.26 per share, with a total value of C$86,300.00.

Obsidian Energy Stock Down 1.4%

Obsidian Energy stock traded down C$0.25 during mid-day trading on Wednesday, reaching C$17.81. 212,634 shares of the company were exchanged, compared to its average volume of 411,880. The business has a fifty day moving average of C$14.06 and a 200 day moving average of C$10.76. The company has a debt-to-equity ratio of 19.51, a quick ratio of 0.41 and a current ratio of 0.58. The firm has a market cap of C$1.20 billion, a P/E ratio of 1,781.00, a PEG ratio of 0.08 and a beta of -0.21. Obsidian Energy Ltd. has a 12-month low of C$6.42 and a 12-month high of C$19.83.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on OBE. Royal Bank Of Canada upgraded Obsidian Energy to a “hold” rating in a research note on Monday. Raymond James Financial increased their price target on Obsidian Energy from C$14.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, BMO Capital Markets increased their target price on shares of Obsidian Energy from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$13.67.

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.