Obsidian Energy (TSE:OBE – Get Free Report) issued its quarterly earnings data on Thursday. The company reported C$0.26 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$150.00 million for the quarter. Obsidian Energy had a net margin of 4.96% and a return on equity of 2.00%.
Obsidian Energy Stock Performance
OBE stock opened at C$12.84 on Friday. The firm has a 50 day moving average of C$16.05 and a two-hundred day moving average of C$14.14. Obsidian Energy has a 12 month low of C$7.65 and a 12 month high of C$19.83. The company has a market capitalization of C$856.76 million, a price-to-earnings ratio of 30.57, a P/E/G ratio of 0.08 and a beta of 0.07. The company has a quick ratio of 0.41, a current ratio of 0.78 and a debt-to-equity ratio of 26.77.
Insiders Place Their Bets
In related news, Director Michael Faust sold 40,200 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of C$17.02, for a total value of C$684,204.00. Following the completion of the sale, the director directly owned 17,857 shares in the company, valued at approximately C$303,926.14. This represents a 69.24% decrease in their ownership of the stock. Also, insider William Clifford Swadling sold 23,700 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$16.55, for a total transaction of C$392,235.00. Following the transaction, the insider directly owned 205,277 shares in the company, valued at C$3,397,334.35. The trade was a 10.35% decrease in their ownership of the stock. Insiders have sold a total of 86,850 shares of company stock worth $1,460,852 in the last 90 days. 1.20% of the stock is owned by 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.
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