Insider Buying: Obsidian Energy (TSE:OBE) Director Buys 5,600 Shares of Stock

Obsidian Energy Ltd. (TSE:OBE) Director Edward Hume Kernaghan bought 5,600 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average price of C$7.85 per share, for a total transaction of C$43,960.00. Following the acquisition, the director directly owned 3,704,314 shares of the company’s stock, valued at C$29,078,864.90. This represents a 0.15% increase in their position.

Edward Hume Kernaghan also recently made the following trade(s):

• On Monday, November 3rd, Edward Hume Kernaghan purchased 2,200 shares of Obsidian Energy stock. The shares were bought at an average cost of C$7.96 per share, for a total transaction of C$17,512.00.
• On Monday, November 3rd, Edward Hume Kernaghan acquired 3,200 shares of Obsidian Energy stock. The shares were bought at an average price of C$7.95 per share, for a total transaction of C$25,440.00.
• On Monday, November 3rd, Edward Hume Kernaghan bought 4,700 shares of Obsidian Energy stock. The stock was purchased at an average cost of C$7.94 per share, with a total value of C$37,318.00.
• On Monday, November 3rd, Edward Hume Kernaghan purchased 800 shares of Obsidian Energy stock. The stock was purchased at an average price of C$7.78 per share, with a total value of C$6,224.00.
• On Monday, November 3rd, Edward Hume Kernaghan bought 1,000 shares of Obsidian Energy stock. The stock was purchased at an average price of C$7.75 per share, with a total value of C$7,750.00.
• On Tuesday, November 4th, Edward Hume Kernaghan purchased 6,900 shares of Obsidian Energy stock. The shares were acquired at an average cost of C$7.85 per share, for a total transaction of C$54,165.00.
• On Tuesday, November 4th, Edward Hume Kernaghan acquired 400 shares of Obsidian Energy stock. The stock was bought at an average cost of C$7.85 per share, for a total transaction of C$3,140.00.
• On Tuesday, November 4th, Edward Hume Kernaghan acquired 1,300 shares of Obsidian Energy stock. The stock was acquired at an average price of C$7.83 per share, with a total value of C$10,179.00.
• On Tuesday, November 4th, Edward Hume Kernaghan bought 100 shares of Obsidian Energy stock. The stock was purchased at an average cost of C$7.83 per share, for a total transaction of C$783.00.
• On Tuesday, November 4th, Edward Hume Kernaghan bought 500 shares of Obsidian Energy stock. The stock was acquired at an average price of C$7.80 per share, for a total transaction of C$3,900.00.

Obsidian Energy Trading Up 2.5%

TSE OBE traded up C$0.20 on Friday, reaching C$8.22. The company had a trading volume of 282,634 shares, compared to its average volume of 324,178. The firm has a market cap of C$551.69 million, a price-to-earnings ratio of -2.69, a P/E/G ratio of 0.08 and a beta of -0.07. Obsidian Energy Ltd. has a fifty-two week low of C$5.35 and a fifty-two week high of C$9.86. The business has a 50 day moving average of C$8.56 and a two-hundred day moving average of C$7.79. The company has a debt-to-equity ratio of 20.55, a current ratio of 0.45 and a quick ratio of 0.41.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lifted their target price on Obsidian Energy from C$9.00 to C$9.50 and gave the company a “sector perform” rating in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$10.83.

About Obsidian Energy

Obsidian Energy Ltd, is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.