Obsidian Energy (TSE:OBE) Director Purchases 10,000 Shares

Obsidian Energy Ltd. (TSE:OBE) Director Stephen Loukas acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average cost of C$17.99 per share, for a total transaction of C$179,900.00. Following the acquisition, the director owned 1,321,146 shares in the company, valued at approximately C$23,767,416.54. This trade represents a 0.76% increase in their ownership of the stock.

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

• On Thursday, May 14th, Stephen Loukas bought 1,000 shares of Obsidian Energy stock. The shares were purchased at an average cost 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 shares were purchased at an average cost of C$18.02 per share, with a total value of C$28,832.00.
• On Friday, May 8th, Stephen Loukas bought 5,000 shares of Obsidian Energy stock. The stock was purchased at an average price of C$17.26 per share, with a total value of C$86,300.00.

Obsidian Energy Stock Performance

Shares of TSE:OBE traded up C$0.47 during trading hours on Friday, hitting C$18.49. The stock had a trading volume of 179,454 shares, compared to its average volume of 407,334. The stock’s fifty day simple moving average is C$14.34 and its 200 day simple moving average is C$10.88. The firm has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 1,849.00, a PEG ratio of 0.08 and a beta of -0.21. The company has a debt-to-equity ratio of 19.51, a quick ratio of 0.41 and a current ratio of 0.58. Obsidian Energy Ltd. has a 1-year low of C$6.42 and a 1-year high of C$19.83.

Obsidian Energy (TSE:OBE) last issued 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 return on equity of 0.08% and a net margin of 0.21%.The business had revenue of C$138.50 million for the quarter. Sell-side analysts anticipate that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. BMO Capital Markets increased their price target on 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. Raymond James Financial lifted their price objective on shares of Obsidian Energy from C$14.00 to C$19.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada raised shares of Obsidian Energy to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.