Edward Hume Kernaghan Purchases 50,500 Shares of Obsidian Energy (TSE:OBE) Stock

Obsidian Energy Ltd. (TSE:OBE) Director Edward Hume Kernaghan bought 50,500 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were purchased at an average price of C$12.78 per share, with a total value of C$645,390.00. Following the acquisition, the director directly owned 4,083,414 shares in the company, valued at approximately C$52,186,030.92. This trade represents a 1.25% increase in their position.

Edward Hume Kernaghan also recently made the following trade(s):

• On Monday, July 6th, Edward Hume Kernaghan bought 1,600 shares of Obsidian Energy stock. The shares were acquired at an average cost of C$11.30 per share, with a total value of C$18,080.00.
• On Monday, July 6th, Edward Hume Kernaghan purchased 1,400 shares of Obsidian Energy stock. The stock was acquired at an average price of C$11.29 per share, for a total transaction of C$15,806.00.
• On Monday, July 6th, Edward Hume Kernaghan purchased 1,000 shares of Obsidian Energy stock. The shares were acquired at an average cost of C$11.28 per share, for a total transaction of C$11,280.00.
• On Monday, July 6th, Edward Hume Kernaghan purchased 3,000 shares of Obsidian Energy stock. The shares were acquired at an average cost of C$11.25 per share, for a total transaction of C$33,750.00.

Obsidian Energy Price Performance

OBE opened at C$13.87 on Friday. Obsidian Energy Ltd. has a 52-week low of C$7.62 and a 52-week high of C$19.83. The company has a 50 day moving average of C$13.61 and a two-hundred day moving average of C$13.27. The company has a market cap of C$926.20 million, a P/E ratio of 33.02, a P/E/G ratio of 0.08 and a beta of -0.32. The company has a quick ratio of 0.41, a current ratio of 0.78 and a debt-to-equity ratio of 26.77.

Obsidian Energy (TSE:OBE) last issued its earnings results on Thursday, July 30th. The company reported C$0.61 EPS for the quarter. The business had revenue of C$181.30 million for the quarter. Obsidian Energy had a net margin of 4.96% and a return on equity of 2.00%. On average, analysts expect that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on OBE shares. Raymond James Financial boosted their price objective on 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. Royal Bank Of Canada upgraded Obsidian Energy to a “hold” rating in a report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Obsidian Energy currently 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.