Key Points
- Director Edward Hume Kernaghan bought 50,500 Obsidian Energy shares at an average C$12.78 each, investing C$645,390. His direct ownership rose 1.25% to 4.08 million shares valued at approximately C$52.2 million.
- Obsidian Energy reported quarterly EPS of C$0.61 on revenue of C$181.3 million, with a 4.96% net margin and 2.00% return on equity.
- Analyst sentiment is moderately bullish: two analysts rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of C$14.00.
Obsidian Energy Ltd. (TSE:OBE - Get Free Report) Director Edward Hume Kernaghan bought 50,500 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was bought at an average cost of C$12.78 per share, for a total transaction of C$645,390.00. Following the completion of the purchase, the director directly owned 4,083,414 shares of the company's stock, valued at C$52,186,030.92. This represents a 1.25% increase in their ownership of the stock.
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 bought at an average price 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 bought at an average cost of C$11.29 per share, with a total value of C$15,806.00.
- On Monday, July 6th, Edward Hume Kernaghan purchased 1,000 shares of Obsidian Energy stock. The stock was bought at an average cost of C$11.28 per share, with a total value of C$11,280.00.
- On Monday, July 6th, Edward Hume Kernaghan purchased 3,000 shares of Obsidian Energy stock. The stock was bought at an average cost of C$11.25 per share, for a total transaction of C$33,750.00.
Obsidian Energy Stock Performance
Obsidian Energy stock opened at C$13.87 on Friday. The firm's fifty day moving average price is C$13.61 and its 200-day moving average price is C$13.27. The company has a debt-to-equity ratio of 26.77, a quick ratio of 0.41 and a current ratio of 0.78. The stock has a market cap of C$926.20 million, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 0.08 and a beta of -0.32. Obsidian Energy Ltd. has a fifty-two week low of C$7.62 and a fifty-two week high of C$19.83.
Obsidian Energy (TSE:OBE - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.61 earnings per share (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$181.30 million during the quarter. On average, equities research analysts expect that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have issued reports on OBE. Royal Bank Of Canada raised Obsidian Energy to a "hold" rating in a research note on Monday, May 11th. Raymond James Financial increased their price objective on Obsidian Energy from C$19.00 to C$20.00 and gave the company an "outperform" rating in a research report on Tuesday, June 2nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$14.00.
View Our Latest Stock Analysis on OBE
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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