Stephen Loukas Acquires 5,000 Shares of Obsidian Energy (TSE:OBE) Stock

Obsidian Energy Ltd. (TSE:OBE) Director Stephen Loukas purchased 5,000 shares of the stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average cost of C$11.17 per share, with a total value of C$55,850.00. Following the acquisition, the director directly owned 1,663,711 shares in the company, valued at C$18,583,651.87. This represents a 0.30% increase in their position.

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

• On Wednesday, June 17th, Stephen Loukas acquired 1,000 shares of Obsidian Energy stock. The shares were acquired at an average price of C$13.44 per share, with a total value of C$13,440.00.
• On Thursday, May 14th, Stephen Loukas acquired 10,000 shares of Obsidian Energy stock. The stock was acquired at an average cost of C$17.99 per share, for a total transaction of C$179,900.00.
• On Thursday, May 14th, Stephen Loukas bought 1,000 shares of Obsidian Energy stock. The stock was acquired at an average price of C$18.22 per share, for a total transaction of C$18,220.00.
• On Wednesday, May 13th, Stephen Loukas bought 1,600 shares of Obsidian Energy stock. The stock was acquired at an average price of C$18.02 per share, for a total transaction of C$28,832.00.
• On Friday, May 8th, Stephen Loukas bought 5,000 shares of Obsidian Energy stock. The shares were acquired at an average cost of C$17.26 per share, with a total value of C$86,300.00.

Obsidian Energy Stock Down 2.7%

OBE stock opened at C$12.07 on Friday. The stock has a market capitalization of C$806.00 million, a P/E ratio of 1,207.00, a price-to-earnings-growth ratio of 0.08 and a beta of -0.30. 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 Ltd. has a 12 month low of C$7.24 and a 12 month high of C$19.83. The firm has a 50-day moving average price of C$15.14 and a 200-day moving average price of C$12.53.

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

Wall Street Analyst Weigh In

OBE has been the subject of several research analyst reports. Royal Bank Of Canada upgraded shares of Obsidian Energy to a “hold” rating in a report on Monday, May 11th. Raymond James Financial raised their price objective on Obsidian Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Obsidian Energy presently has an average rating of “Moderate Buy” and an average price target of C$14.00.

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.