Obsidian Energy (TSE:OBE) Insider Sells 22,950 Shares of Stock

Obsidian Energy Ltd. (TSE:OBE) insider William Clifford Swadling sold 22,950 shares of the stock in a transaction on 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 owned 205,277 shares in the company, valued at approximately C$3,438,389.75. The trade was a 10.06% decrease in their ownership of the stock.

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%

OBE stock traded down C$0.27 during mid-day trading on Friday, reaching C$16.45. The company had a trading volume of 197,419 shares, compared to its average volume of 383,231. The firm has a fifty day simple moving average of C$13.50 and a 200 day simple moving average of C$13.67. The company has a debt-to-equity ratio of 26.77, a quick ratio of 0.41 and a current ratio of 0.78. The company has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 39.17, a price-to-earnings-growth ratio of 0.08 and a beta of -0.32. Obsidian Energy Ltd. has a fifty-two week low of C$7.65 and a fifty-two week high of C$19.83.

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

Wall Street Analyst Weigh In

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