Obsidian Energy (TSE:OBE) Director Stephen Loukas Purchases 1,600 Shares of Stock

Obsidian Energy Ltd. (TSE:OBE) Director Stephen Loukas bought 1,600 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of C$18.02 per share, with a total value of C$28,832.00. Following the purchase, the director owned 1,311,146 shares in the company, valued at C$23,626,850.92. This trade represents a 0.12% increase in their ownership of the stock.

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

• On Friday, May 8th, Stephen Loukas bought 5,000 shares of Obsidian Energy stock. The stock was bought at an average price of C$17.26 per share, with a total value of C$86,300.00.

Obsidian Energy Stock Down 1.4%

Shares of TSE OBE opened at C$17.81 on Thursday. Obsidian Energy Ltd. has a 52 week low of C$6.42 and a 52 week high of C$19.83. The business has a 50-day simple moving average of C$14.06 and a two-hundred day simple moving average of C$10.76. The company has a quick ratio of 0.41, a current ratio of 0.58 and a debt-to-equity ratio of 19.51. The company has a market cap of C$1.20 billion, a P/E ratio of 1,781.00, a P/E/G ratio of 0.08 and a beta of -0.21.

Obsidian Energy (TSE:OBE) last issued 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 company had revenue of C$138.50 million during the quarter. Research analysts anticipate that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Raymond James Financial raised their target price on 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. Royal Bank Of Canada upgraded Obsidian Energy to a “hold” rating in a research report on Monday. Finally, BMO Capital Markets lifted their price target on Obsidian Energy from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research report 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, Obsidian Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$13.67.

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.