Obsidian Energy (TSE:OBE) Director Sells C$684,204.00 in Stock

Obsidian Energy Ltd. (TSE:OBE) Director Michael Faust sold 40,200 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of C$17.02, for a total transaction of C$684,204.00. Following the transaction, the director directly owned 17,857 shares in the company, valued at approximately C$303,926.14. The trade was a 69.24% decrease in their ownership of the stock.

Obsidian Energy Price Performance

Shares of OBE traded down C$0.20 during mid-day trading on Friday, hitting C$16.41. 179,733 shares of the company were exchanged, compared to its average volume of 376,943. The stock has a market cap of C$1.09 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 0.08 and a beta of -0.38. 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 50 day moving average of C$14.17 and a 200-day moving average of C$14.10. The company has a debt-to-equity ratio of 26.77, a quick ratio of 0.41 and a current ratio of 0.78.

Obsidian Energy (TSE:OBE) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.61 earnings per share (EPS) for the quarter. Obsidian Energy had a return on equity of 2.00% and a net margin of 4.96%.The company had revenue of C$176.10 million for the quarter. Analysts expect that Obsidian Energy Ltd. will post 1.5996205 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on OBE shares. Royal Bank Of Canada upgraded shares of Obsidian Energy to a “hold” rating in a research report on Monday, May 11th. Raymond James Financial increased their target price on Obsidian Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.