Obsidian Energy (TSE:OBE) Insider Sells C$384,412.50 in Stock

Obsidian Energy Ltd. (TSE:OBE) insider William Clifford Swadling sold 22,950 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of C$16.75, for a total value of C$384,412.50. Following the sale, the insider directly owned 205,277 shares of the company’s stock, valued at approximately C$3,438,389.75. This represents a 10.06% decrease in their ownership of the stock.

William Clifford Swadling also recently made the following trade(s):

• On Wednesday, August 19th, William Clifford Swadling sold 23,700 shares of Obsidian Energy stock. The shares were sold at an average price of C$16.55, for a total value of C$392,235.00.

Obsidian Energy Stock Performance

Shares of OBE opened at C$16.46 on Monday. The business’s 50-day moving average price is C$13.51 and its 200 day moving average price is C$13.72. The stock has a market capitalization of C$1.10 billion, a P/E ratio of 39.19, a P/E/G ratio of 0.08 and a beta of -0.32. Obsidian Energy Ltd. has a 1-year low of C$7.65 and a 1-year high of C$19.83. 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 (TSE:OBE) last announced its earnings results on Thursday, July 30th. The company reported C$0.61 EPS for the quarter. Obsidian Energy had a net margin of 4.96% and a return on equity of 2.00%. The company had revenue of C$176.10 million during the quarter. Analysts expect that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on OBE shares. Raymond James Financial boosted 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. Royal Bank Of Canada raised Obsidian Energy to a “hold” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Obsidian Energy has an average rating of “Moderate Buy” and a consensus price target of C$14.00.

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.