Gareth Robin Sykes Sells 5,150 Shares of Obsidian Energy Ltd. (TSE:OBE) Stock

Obsidian Energy Ltd. (TSE:OBE) Senior Officer Gareth Robin Sykes sold 5,150 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of C$8.18, for a total value of C$42,127.00.

Obsidian Energy Trading Down 1.5%

Shares of TSE:OBE opened at C$8.06 on Thursday. Obsidian Energy Ltd. has a 12-month low of C$5.35 and a 12-month high of C$10.72. The business’s fifty day simple moving average is C$6.70 and its 200-day simple moving average is C$7.41. The company has a market capitalization of C$612.60 million, a PE ratio of 5.25, a P/E/G ratio of 0.08 and a beta of 2.30. The company has a current ratio of 0.45, a quick ratio of 0.41 and a debt-to-equity ratio of 20.55.

Wall Street Analyst Weigh In

Several analysts recently issued reports on OBE shares. Raymond James Financial cut their target price on Obsidian Energy from C$10.00 to C$9.00 and set a “market perform” rating for the company in a research report on Thursday, May 8th. BMO Capital Markets lifted their target price on Obsidian Energy from C$12.00 to C$14.00 in a report on Thursday, February 20th. Finally, Royal Bank Of Canada dropped their target price on Obsidian Energy from C$10.00 to C$9.00 and set a “sector perform” rating for the company in a report on Thursday, May 8th.

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.