Obsidian Energy (TSE:OBE) Posts Quarterly Earnings Results

Obsidian Energy (TSE:OBE) released its quarterly earnings data on Thursday. The company reported C$0.26 earnings per share for the quarter, FiscalAI reports. The firm 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

TSE:OBE traded down C$0.08 during trading hours on Thursday, reaching C$12.84. The company had a trading volume of 575,523 shares, compared to its average volume of 368,862. The company has a current ratio of 0.78, a quick ratio of 0.41 and a debt-to-equity ratio of 26.77. Obsidian Energy has a 52 week low of C$7.65 and a 52 week high of C$19.83. The firm has a market cap of C$856.76 million, a price-to-earnings ratio of 30.57, a PEG ratio of 0.08 and a beta of -0.04. The firm’s 50 day moving average price is C$16.10 and its 200-day moving average price is C$14.12.

Insider Buying and Selling at Obsidian Energy

In other news, insider William Clifford Swadling sold 23,700 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$16.55, for a total value of C$392,235.00. Following the transaction, the insider directly owned 205,277 shares in the company, valued at C$3,397,334.35. This trade represents a 10.35% decrease in their position. Also, 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 sale, the director directly owned 17,857 shares of the company’s stock, valued at C$303,926.14. The trade was a 69.24% decrease in their position. Insiders have sold a total of 86,850 shares of company stock worth $1,460,852 over the last three months. Insiders own 1.20% of the company’s stock.

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.