Key Points
- Obsidian Energy insider Gareth Robin Sykes sold 5,000 shares on May 12 at an average price of C$17.74, totaling C$88,700. After the sale, he still held 147,977 shares, reducing his ownership by 3.27%.
- Sykes has been actively trimming his stake, also selling 5,000 shares on May 8 and multiple blocks in March, indicating a pattern of recent insider selling.
- The stock has risen sharply this year, trading at C$18.02 versus a 50-day average of C$14.20 and a 52-week low of C$6.42, while analysts currently rate it a consensus Moderate Buy with an average price target of C$13.67.
Obsidian Energy Ltd. (TSE:OBE - Get Free Report) insider Gareth Robin Sykes sold 5,000 shares of Obsidian Energy stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of C$17.74, for a total transaction of C$88,700.00. Following the transaction, the insider owned 147,977 shares of the company's stock, valued at C$2,625,111.98. The trade was a 3.27% decrease in their ownership of the stock.
Gareth Robin Sykes also recently made the following trade(s):
- On Friday, May 8th, Gareth Robin Sykes sold 5,000 shares of Obsidian Energy stock. The shares were sold at an average price of C$17.30, for a total transaction of C$86,500.00.
- On Thursday, March 19th, Gareth Robin Sykes sold 5,000 shares of Obsidian Energy stock. The shares were sold at an average price of C$12.24, for a total transaction of C$61,200.00.
- On Thursday, March 19th, Gareth Robin Sykes sold 7,850 shares of Obsidian Energy stock. The shares were sold at an average price of C$12.04, for a total transaction of C$94,514.00.
- On Thursday, March 19th, Gareth Robin Sykes sold 1,885 shares of Obsidian Energy stock. The shares were sold at an average price of C$12.13, for a total transaction of C$22,865.05.
Obsidian Energy Price Performance
OBE stock opened at C$18.02 on Friday. The firm has a 50 day moving average price of C$14.20 and a 200-day moving average price of C$10.82. Obsidian Energy Ltd. has a 52-week low of C$6.42 and a 52-week high of C$19.83. The firm has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 1,802.00, a PEG ratio of 0.08 and a beta of -0.21. The company has a debt-to-equity ratio of 19.51, a quick ratio of 0.41 and a current ratio of 0.58.
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. 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 during the quarter. Equities research analysts forecast that Obsidian Energy Ltd. will post 1.5996205 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
OBE has been the subject of a number of recent analyst reports. Royal Bank Of Canada upgraded shares of Obsidian Energy to a "hold" rating in a report on Monday. Raymond James Financial boosted their price objective on shares of Obsidian Energy from C$14.00 to C$19.00 and gave the stock an "outperform" rating in a report on Friday, April 24th. Finally, BMO Capital Markets boosted their price objective on shares of Obsidian Energy from C$10.00 to C$12.00 and gave the stock an "outperform" rating in a report on Friday, February 20th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$13.67.
Check Out Our Latest Stock Analysis on Obsidian Energy
About Obsidian Energy
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
