Obsidian Energy (TSE:OBE) Insider Sells C$88,700.00 in Stock

Obsidian Energy Ltd. (TSE:OBE) insider Gareth Robin Sykes sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$17.74, for a total transaction of C$88,700.00. Following the completion of the sale, the insider directly owned 147,977 shares in the company, valued at approximately C$2,625,111.98. This represents a 3.27% decrease in their ownership of the stock.

Gareth Robin Sykes also recently made the following trade(s):

• On Friday, May 8th, Gareth Robin Sykes sold 5,000 shares of Obsidian Energy stock. The shares were sold at an average price of C$17.30, for a total transaction of C$86,500.00.
• On Thursday, March 19th, Gareth Robin Sykes sold 5,000 shares of Obsidian Energy stock. The shares were sold at an average price of C$12.24, for a total transaction of C$61,200.00.
• On Thursday, March 19th, Gareth Robin Sykes sold 7,850 shares of Obsidian Energy stock. The shares were sold at an average price of C$12.04, for a total transaction of C$94,514.00.
• On Thursday, March 19th, Gareth Robin Sykes sold 1,885 shares of Obsidian Energy stock. The shares were sold at an average price of C$12.13, for a total transaction of C$22,865.05.

Obsidian Energy Trading Up 2.6%

TSE:OBE opened at C$18.49 on Friday. The firm’s fifty day moving average is C$14.34 and its 200-day moving average is C$10.88. The company has a debt-to-equity ratio of 19.51, a quick ratio of 0.41 and a current ratio of 0.58. Obsidian Energy Ltd. has a 52 week low of C$6.42 and a 52 week high of C$19.83. The firm has a market cap of C$1.23 billion, a P/E ratio of 1,849.00, a P/E/G ratio of 0.08 and a beta of -0.21.

Obsidian Energy (TSE:OBE) last posted its quarterly earnings data on Thursday, May 7th. The company reported C($0.27) EPS for the quarter. Obsidian Energy had a net margin of 0.21% and a return on equity of 0.08%. The firm had revenue of C$138.50 million during the quarter. Equities analysts expect that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OBE. 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$14.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, BMO Capital Markets increased their target price on shares of Obsidian Energy from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$13.67.

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.