Key Points
- Director Stephen Loukas bought 5,000 Obsidian Energy shares at C$17.26 each on May 8, a purchase worth C$86,300 that lifted his holdings to 1,309,546 shares.
- Obsidian Energy reported a quarterly loss of C($0.27) per share on revenue of C$138.5 million, while analysts still expect about 1.60 EPS for the current fiscal year.
- Analysts remain generally constructive on the stock, with a Moderate Buy consensus and a target price of C$13.67, though the shares recently traded above that at C$17.60.
Obsidian Energy Ltd. (TSE:OBE - Get Free Report) Director Stephen Loukas bought 5,000 shares of the firm's stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of C$17.26 per share, with a total value of C$86,300.00. Following the completion of the transaction, the director directly owned 1,309,546 shares of the company's stock, valued at approximately C$22,602,763.96. This represents a 0.38% increase in their ownership of the stock.
Obsidian Energy Stock Performance
Shares of TSE OBE opened at C$17.60 on Tuesday. The firm has a market cap of C$1.19 billion, a price-to-earnings ratio of 1,760.00, a P/E/G ratio of 0.08 and a beta of -0.21. Obsidian Energy Ltd. has a 52 week low of C$6.42 and a 52 week high of C$19.83. The company has a debt-to-equity ratio of 19.51, a quick ratio of 0.41 and a current ratio of 0.58. The business's 50-day simple moving average is C$13.78 and its 200-day simple moving average is C$10.62.
Obsidian Energy (TSE:OBE - Get Free Report) last released its earnings results on Thursday, May 7th. The company reported C($0.27) earnings per share for the quarter. Obsidian Energy had a return on equity of 0.08% and a net margin of 0.21%.The firm had revenue of C$138.50 million for the quarter. As a group, equities research analysts expect that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Raymond James Financial increased their price objective on Obsidian Energy from C$14.00 to C$19.00 and gave the stock an "outperform" rating in a research note on Friday, April 24th. Royal Bank Of Canada increased their target price on Obsidian Energy from C$9.00 to C$10.00 and gave the stock a "hold" rating in a report on Friday, February 20th. Finally, BMO Capital Markets lifted their price objective on shares of Obsidian Energy from C$10.00 to C$12.00 and gave the company an "outperform" rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$13.67.
Get Our Latest Stock Report on OBE
About Obsidian Energy
(
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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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