Obsidian Energy (TSE:OBE) Director Edward Hume Kernaghan Purchases 50,500 Shares

Obsidian Energy Ltd. (TSE:OBE) Director Edward Hume Kernaghan bought 50,500 shares of the stock in a transaction on Wednesday, August 5th. The shares were acquired at an average cost of C$12.78 per share, for a total transaction of C$645,390.00. Following the acquisition, the director directly owned 4,083,414 shares in the company, valued at approximately C$52,186,030.92. This trade represents a 1.25% increase in their ownership of the stock.

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

• On Monday, July 6th, Edward Hume Kernaghan bought 1,600 shares of Obsidian Energy stock. The shares were bought at an average price of C$11.30 per share, for a total transaction of C$18,080.00.
• On Monday, July 6th, Edward Hume Kernaghan purchased 1,400 shares of Obsidian Energy stock. The stock was bought at an average cost of C$11.29 per share, with a total value of C$15,806.00.
• On Monday, July 6th, Edward Hume Kernaghan purchased 1,000 shares of Obsidian Energy stock. The stock was bought at an average price of C$11.28 per share, with a total value of C$11,280.00.
• On Monday, July 6th, Edward Hume Kernaghan purchased 3,000 shares of Obsidian Energy stock. The stock was bought at an average price of C$11.25 per share, with a total value of C$33,750.00.

Obsidian Energy Stock Performance

TSE:OBE opened at C$13.87 on Friday. 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 Ltd. has a 52-week low of C$7.62 and a 52-week high of C$19.83. The firm has a market cap of C$926.20 million, a price-to-earnings ratio of 33.02, a PEG ratio of 0.08 and a beta of -0.32. The business’s fifty day moving average is C$13.61 and its 200 day moving average is C$13.27.

Obsidian Energy (TSE:OBE) last issued its earnings results on Thursday, July 30th. The company reported C$0.61 EPS for the quarter. The business had revenue of C$181.30 million during the quarter. Obsidian Energy had a return on equity of 2.00% and a net margin of 4.96%. Research analysts predict that Obsidian Energy Ltd. will post 1.5996205 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on OBE shares. Royal Bank Of Canada raised shares of Obsidian Energy to a “hold” rating in a research note on Monday, May 11th. Raymond James Financial increased their target price on shares of 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.