William Clifford Swadling Sells 23,700 Shares of Obsidian Energy (TSE:OBE) Stock

Obsidian Energy Ltd. (TSE:OBE) insider William Clifford Swadling sold 23,700 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were 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 of the company’s stock, valued at C$3,397,334.35. The trade was a 10.35% decrease in their ownership of the stock.

William Clifford Swadling also recently made the following trade(s):

• On Thursday, August 20th, William Clifford Swadling sold 22,950 shares of Obsidian Energy stock. The stock was sold at an average price of C$16.75, for a total transaction of C$384,412.50.

Obsidian Energy Stock Performance

Shares of OBE stock opened at C$16.46 on Friday. Obsidian Energy Ltd. has a 12-month low of C$7.65 and a 12-month high of C$19.83. The firm has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 39.19, a price-to-earnings-growth ratio of 0.08 and a beta of -0.32. The business has a 50 day simple moving average of C$13.51 and a 200 day simple moving average of C$13.69. The company has a debt-to-equity ratio of 26.77, a current ratio of 0.78 and a quick ratio of 0.41.

Obsidian Energy (TSE:OBE) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.61 EPS for the quarter. Obsidian Energy had a net margin of 4.96% and a return on equity of 2.00%. The company had revenue of C$176.10 million for the quarter. On average, equities research analysts anticipate that Obsidian Energy Ltd. will post 1.5996205 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OBE. 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 raised Obsidian Energy to a “hold” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Obsidian Energy presently has an average rating of “Moderate Buy” and an average target price 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.