Obsidian Energy (TSE:OBE) Issues Quarterly Earnings Results

Obsidian Energy (TSE:OBE) issued its earnings results on Thursday. The company reported C$0.61 earnings per share for the quarter, FiscalAI reports. Obsidian Energy had a net margin of 0.21% and a return on equity of 0.08%. The company had revenue of C$181.30 million for the quarter.

Obsidian Energy Stock Up 2.9%

Shares of TSE:OBE opened at C$14.25 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.58 and a debt-to-equity ratio of 19.51. The company has a market capitalization of C$951.57 million, a P/E ratio of 1,425.00, a P/E/G ratio of 0.08 and a beta of -0.30. Obsidian Energy has a 52-week low of C$7.62 and a 52-week high of C$19.83. The stock’s fifty day simple moving average is C$13.83 and its 200-day simple moving average is C$13.09.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on OBE shares. Royal Bank Of Canada upgraded Obsidian Energy to a “hold” rating in a report on Monday, May 11th. Raymond James Financial boosted their target price on Obsidian Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Obsidian Energy has an average rating of “Moderate Buy” and a consensus price target of C$14.00.

Insider Buying and Selling

In other Obsidian Energy news, insider Gareth Robin Sykes sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$17.74, for a total value of C$88,700.00. Following the transaction, the insider directly owned 147,977 shares in the company, valued at approximately C$2,625,111.98. This represents a 3.27% decrease in their position. Also, Director Stephen Loukas bought 5,000 shares of Obsidian Energy stock in a transaction on Tuesday, July 7th. The stock was purchased at an average price of C$11.17 per share, for a total transaction of C$55,850.00. Following the completion of the acquisition, the director owned 1,663,711 shares in the company, valued at C$18,583,651.87. This represents a 0.30% increase in their position. In the last quarter, insiders purchased 30,600 shares of company stock worth $461,458. 1.20% of the stock is owned by corporate insiders.

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.