Gareth Robin Sykes Sells 5,000 Shares of Obsidian Energy (TSE:OBE) Stock

Obsidian Energy Ltd. (TSE:OBE) insider Gareth Robin Sykes sold 5,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of C$17.30, for a total value of C$86,500.00. Following the completion of the transaction, the insider owned 147,977 shares of the company’s stock, valued at C$2,560,002.10. This represents a 3.27% decrease in their ownership of the stock.

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

• On Tuesday, May 12th, Gareth Robin Sykes sold 5,000 shares of Obsidian Energy stock. The shares were sold at an average price of C$17.74, for a total value of C$88,700.00.
• 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 value 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 value 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 value of C$22,865.05.

Obsidian Energy Price Performance

Obsidian Energy stock opened at C$18.02 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.41 and a debt-to-equity ratio of 19.51. The company has a market capitalization of C$1.20 billion, a PE ratio of 1,802.00, a P/E/G ratio of 0.08 and a beta of -0.21. Obsidian Energy Ltd. has a 12 month low of C$6.42 and a 12 month high of C$19.83. The stock has a 50-day moving average price of C$14.20 and a two-hundred day moving average price of C$10.82.

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

Analyst Ratings Changes

OBE has been the subject of several recent research reports. Raymond James Financial increased their price target on Obsidian Energy from C$14.00 to C$19.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Royal Bank Of Canada raised Obsidian Energy to a “hold” rating in a research note on Monday. Finally, BMO Capital Markets increased their price target on Obsidian Energy from C$10.00 to C$12.00 and gave the company 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 stock. Based on data from MarketBeat.com, Obsidian Energy 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.