Obsidian Energy (TSE:OBE) Insider William Clifford Swadling Sells 22,950 Shares

Obsidian Energy Ltd. (TSE:OBE) insider William Clifford Swadling sold 22,950 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$16.75, for a total value of C$384,412.50. Following the completion of the sale, the insider directly owned 205,277 shares in the company, valued at C$3,438,389.75. This represents a 10.06% decrease in their position.

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

• On Wednesday, August 19th, William Clifford Swadling sold 23,700 shares of Obsidian Energy stock. The stock was sold at an average price of C$16.55, for a total value of C$392,235.00.

Obsidian Energy Stock Down 1.6%

Shares of TSE:OBE opened at C$16.46 on Friday. 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 fifty-two week low of C$7.65 and a fifty-two week high of C$19.83. The stock has a market cap of C$1.10 billion, a price-to-earnings ratio of 39.19, a price-to-earnings-growth ratio of 0.08 and a beta of -0.32. The firm’s 50 day moving average price is C$13.51 and its 200 day moving average price is C$13.69.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Royal Bank Of Canada raised Obsidian Energy to a “hold” rating in a report on Monday, May 11th. Raymond James Financial increased 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 analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Obsidian Energy presently has an average rating of “Moderate Buy” and an average target price 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.