Obsidian Energy (TSE:OBE) Stock Price Down 3% – Should You Sell?

Shares of Obsidian Energy Ltd. (TSE:OBE) fell 3% during mid-day trading on Tuesday. The company traded as low as C$16.14 and last traded at C$16.58. Approximately 395,975 shares were traded during trading, an increase of 7% from the average daily volume of 368,390 shares. The stock had previously closed at C$17.10.

Obsidian Energy Price Performance

The company has a debt-to-equity ratio of 26.77, a current ratio of 0.78 and a quick ratio of 0.41. The company’s 50 day moving average price is C$16.08 and its 200 day moving average price is C$15.17. The firm has a market capitalization of C$1.11 billion, a P/E ratio of 39.48, a PEG ratio of 0.08 and a beta of -0.04.

Obsidian Energy (TSE:OBE) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.61 earnings per share for the quarter. Obsidian Energy had a net margin of 4.96% and a return on equity of 2.00%. The firm had revenue of C$176.10 million during the quarter. As a group, sell-side analysts anticipate that Obsidian Energy Ltd. will post 1.60 EPS for the current fiscal year.

Insider Buying and Selling at Obsidian Energy

In other news, Director Michael Faust sold 40,200 shares of Obsidian Energy stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of C$17.02, for a total value of C$684,204.00. Following the completion of the sale, the director directly owned 17,857 shares of the company’s stock, valued at approximately C$303,926.14. This trade represents a 69.24% decrease in their position. Also, insider William Clifford Swadling sold 23,700 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$16.55, for a total value of C$392,235.00. Following the sale, the insider owned 205,277 shares of the company’s stock, valued at approximately C$3,397,334.35. The trade was a 10.35% decrease in their position. In the last ninety days, insiders have bought 52,000 shares of company stock worth $667,304 and have sold 86,850 shares worth $1,460,852. Corporate insiders own 1.20% of the company’s stock.

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.