Obsidian Energy (TSE:OBE) Hits New 52-Week Low at $7.70

Obsidian Energy Ltd. (TSE:OBE) shares reached a new 52-week low during trading on Wednesday . The company traded as low as C$7.70 and last traded at C$7.79, with a volume of 64894 shares changing hands. The stock had previously closed at C$7.98.

Obsidian Energy Trading Down 1.8 %

The stock has a 50-day moving average price of C$9.51 and a 200-day moving average price of C$10.20. The stock has a market cap of C$595.92 million, a P/E ratio of 6.09, a P/E/G ratio of 0.08 and a beta of 2.35. The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.41 and a current ratio of 0.49.

Obsidian Energy (TSE:OBE) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.46 earnings per share (EPS) for the quarter. The firm had revenue of C$208.40 million during the quarter. Obsidian Energy had a return on equity of 6.56% and a net margin of 15.81%. On average, equities research analysts expect that Obsidian Energy Ltd. will post 1.7128099 EPS for the current year.

Insider Buying and Selling at Obsidian Energy

In related news, Director Michael Faust bought 40,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average cost of C$6.21 per share, for a total transaction of C$249,654.06. In other news, Director John Brydson purchased 25,000 shares of the business’s stock in a transaction on Friday, June 14th. The shares were acquired at an average price of C$7.04 per share, with a total value of C$176,000.00. Also, Director Michael Faust acquired 40,200 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of C$6.21 per share, for a total transaction of C$249,654.06. Insiders acquired a total of 76,200 shares of company stock worth $513,544 over the last three months. Company insiders own 1.26% of the company’s stock.

About Obsidian Energy

Obsidian Energy Ltd. engages in the exploration, production, and development of oil and natural gas properties in the Western Canada. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.