Obsidian Energy (TSE:OBE) Insider Sells 23,700 Shares

Obsidian Energy Ltd. (TSE:OBE) insider William Clifford Swadling sold 23,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of C$16.55, for a total value of C$392,235.00. Following the completion of the sale, the insider owned 205,277 shares in the company, valued at C$3,397,334.35. This represents a 10.35% decrease in their position.

William Clifford Swadling also recently made the following trade(s):

• On Thursday, August 20th, William Clifford Swadling sold 22,950 shares of Obsidian Energy stock. The shares were sold at an average price of C$16.75, for a total value of C$384,412.50.

Obsidian Energy Stock Performance

Shares of TSE OBE traded down C$0.27 during midday trading on Friday, hitting C$16.45. 197,419 shares of the company’s stock were exchanged, compared to its average volume of 383,231. The company has a quick ratio of 0.41, a current ratio of 0.78 and a debt-to-equity ratio of 26.77. Obsidian Energy Ltd. has a 12 month low of C$7.65 and a 12 month high of C$19.83. The company’s 50 day moving average price is C$13.50 and its 200 day moving average price is C$13.67. The firm has a market capitalization of C$1.10 billion, a PE ratio of 39.17, a price-to-earnings-growth ratio of 0.08 and a beta of -0.32.

Obsidian Energy (TSE:OBE) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.61 earnings per share for the quarter. Obsidian Energy had a return on equity of 2.00% and a net margin of 4.96%.The business had revenue of C$176.10 million for the quarter. As a group, analysts predict that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada raised shares of Obsidian Energy to a “hold” rating in a research report on Monday, May 11th. Raymond James Financial upped their price target on shares of Obsidian Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Obsidian Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$14.00.

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.