Obsidian Energy (TSE:OBE) Director Stephen Loukas Purchases 1,000 Shares of Stock

Obsidian Energy Ltd. (TSE:OBE) Director Stephen Loukas purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was acquired at an average cost of C$13.44 per share, with a total value of C$13,440.00. Following the completion of the acquisition, the director directly owned 1,658,211 shares in the company, valued at approximately C$22,286,355.84. This trade represents a 0.06% increase in their position.

Stephen Loukas also recently made the following trade(s):

• On Thursday, May 14th, Stephen Loukas bought 10,000 shares of Obsidian Energy stock. The shares were bought at an average cost of C$17.99 per share, with a total value of C$179,900.00.
• On Thursday, May 14th, Stephen Loukas bought 1,000 shares of Obsidian Energy stock. The stock was bought at an average cost of C$18.22 per share, for a total transaction of C$18,220.00.
• On Wednesday, May 13th, Stephen Loukas acquired 1,600 shares of Obsidian Energy stock. The stock was purchased at an average cost of C$18.02 per share, for a total transaction of C$28,832.00.
• On Friday, May 8th, Stephen Loukas purchased 5,000 shares of Obsidian Energy stock. The stock was purchased at an average price of C$17.26 per share, for a total transaction of C$86,300.00.

Obsidian Energy Stock Down 3.2%

OBE opened at C$13.05 on Friday. The stock’s 50 day moving average price is C$16.04 and its 200 day moving average price is C$12.14. The company has a debt-to-equity ratio of 19.51, a current ratio of 0.58 and a quick ratio of 0.41. The stock has a market cap of C$871.44 million, a P/E ratio of 1,305.00, a P/E/G ratio of 0.08 and a beta of -0.35. Obsidian Energy Ltd. has a 12 month low of C$7.24 and a 12 month high of C$19.83.

Obsidian Energy (TSE:OBE) last released its quarterly earnings results on Thursday, May 7th. The company reported C($0.27) EPS for the quarter. The company had revenue of C$138.50 million for the quarter. Obsidian Energy had a return on equity of 0.08% and a net margin of 0.21%. As a group, research analysts predict that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current year.

Analyst Ratings Changes

OBE has been the topic of several analyst reports. BMO Capital Markets lifted their target price on shares of Obsidian Energy from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Royal Bank Of Canada upgraded shares of Obsidian Energy to a “hold” rating in a research report on Monday, May 11th. Finally, Raymond James Financial raised their price objective on shares of Obsidian Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$14.00.

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.