Insider Selling: Obsidian Energy Ltd. (TSE:OBE) Director Sells 11,658 Shares of Stock

Obsidian Energy Ltd. (TSE:OBE) Director Michael Faust sold 11,658 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of C$8.15, for a total value of C$95,030.19.

Obsidian Energy Trading Down 1.5%

OBE opened at C$8.06 on Thursday. The firm has a market cap of C$612.60 million, a price-to-earnings ratio of 5.25, a price-to-earnings-growth ratio of 0.08 and a beta of 2.30. Obsidian Energy Ltd. has a 52 week low of C$5.35 and a 52 week high of C$10.72. The business’s 50 day moving average is C$6.70 and its two-hundred day moving average is C$7.41. The company has a quick ratio of 0.41, a current ratio of 0.45 and a debt-to-equity ratio of 20.55.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on OBE shares. Raymond James Financial cut their target price on Obsidian Energy from C$10.00 to C$9.00 and set a “market perform” rating on the stock in a research report on Thursday, May 8th. BMO Capital Markets raised their target price on Obsidian Energy from C$12.00 to C$14.00 in a research report on Thursday, February 20th. Finally, Royal Bank Of Canada cut their target price on Obsidian Energy from C$10.00 to C$9.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 8th.

Obsidian Energy Company Profile

Obsidian Energy Ltd, is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.