Key Points
- Insider buying: Obsidian Energy director Stephen Loukas bought 1,600 shares on May 13 at C$18.02 each, totaling C$28,832. This follows a larger purchase of 5,000 shares on May 8.
- Stake increase: After the latest transaction, Loukas owned 1,311,146 shares valued at about C$23.6 million. The most recent purchase represented a 0.12% increase in his position.
- Company and stock update: Obsidian Energy opened at C$17.81 and has traded between C$6.42 and C$19.83 over the past year. Analysts currently rate the stock a Moderate Buy with an average target price of C$13.67.
Obsidian Energy Ltd. (TSE:OBE - Get Free Report) Director Stephen Loukas purchased 1,600 shares of the company's stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of C$18.02 per share, with a total value of C$28,832.00. Following the transaction, the director owned 1,311,146 shares in the company, valued at approximately C$23,626,850.92. The trade was a 0.12% increase in their position.
Stephen Loukas also recently made the following trade(s):
- On Friday, May 8th, Stephen Loukas acquired 5,000 shares of Obsidian Energy stock. The shares were purchased at an average cost of C$17.26 per share, for a total transaction of C$86,300.00.
Obsidian Energy Stock Performance
Shares of TSE OBE opened at C$17.81 on Thursday. The stock has a market cap of C$1.20 billion, a price-to-earnings ratio of 1,781.00, a P/E/G ratio of 0.08 and a beta of -0.21. The company has a current ratio of 0.58, a quick ratio of 0.41 and a debt-to-equity ratio of 19.51. Obsidian Energy Ltd. has a 1-year low of C$6.42 and a 1-year high of C$19.83. The stock's 50-day moving average is C$14.06 and its 200 day moving average is C$10.76.
Obsidian Energy (TSE:OBE - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported C($0.27) earnings per share for the quarter. The firm had revenue of C$138.50 million for the quarter. Obsidian Energy had a net margin of 0.21% and a return on equity of 0.08%. On average, sell-side analysts anticipate that Obsidian Energy Ltd. will post 1.5996205 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
OBE has been the topic of a number of research reports. Raymond James Financial raised their price objective on Obsidian Energy from C$14.00 to C$19.00 and gave the company an "outperform" rating in a report on Friday, April 24th. BMO Capital Markets raised their price objective on Obsidian Energy from C$10.00 to C$12.00 and gave the company an "outperform" rating in a report on Friday, February 20th. Finally, Royal Bank Of Canada raised Obsidian Energy to a "hold" rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$13.67.
Check Out Our Latest Analysis on Obsidian Energy
Obsidian Energy Company Profile
(
Get Free Report)
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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