Insider Buying: Obsidian Energy (TSE:OBE) Director Acquires C$86,300.00 in Stock

Obsidian Energy Ltd. (TSE:OBE) Director Stephen Loukas bought 5,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of C$17.26 per share, with a total value of C$86,300.00. Following the completion of the transaction, the director directly owned 1,309,546 shares of the company’s stock, valued at approximately C$22,602,763.96. This represents a 0.38% increase in their ownership of the stock.

Stephen Loukas also recently made the following trade(s):

• On Wednesday, May 13th, Stephen Loukas purchased 1,600 shares of Obsidian Energy stock. The shares were acquired at an average price of C$18.02 per share, for a total transaction of C$28,832.00.

Obsidian Energy Stock Down 1.4%

OBE stock opened at C$17.81 on Thursday. The firm has a market cap of C$1.20 billion, a PE ratio of 1,781.00, a PEG ratio of 0.08 and a beta of -0.21. Obsidian Energy Ltd. has a 1 year low of C$6.42 and a 1 year high of C$19.83. The company has a fifty day simple moving average of C$14.06 and a 200 day simple moving average of C$10.76. The company has a current ratio of 0.58, a quick ratio of 0.41 and a debt-to-equity ratio of 19.51.

Obsidian Energy (TSE:OBE) last posted its earnings results on Thursday, May 7th. The company reported C($0.27) EPS for the quarter. Obsidian Energy had a return on equity of 0.08% and a net margin of 0.21%.The business had revenue of C$138.50 million for the quarter. Sell-side analysts anticipate that Obsidian Energy Ltd. will post 1.5996205 EPS for the current fiscal year.

Analysts Set New Price Targets

OBE has been the subject of a number of analyst reports. BMO Capital Markets boosted their price objective 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. Raymond James Financial upped their price target on shares of Obsidian Energy from C$14.00 to C$19.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada upgraded Obsidian Energy to a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.