Key Points
- Insider sale: William Clifford Swadling sold 22,950 Obsidian Energy shares at an average C$16.75 for total proceeds of C$384,412.50, reducing his position by 10.06% to 205,277 shares. He also sold 23,700 shares the previous day.
- Stock performance: OBE opened at C$16.46 and was down 1.6%, with a market capitalization of approximately C$1.10 billion. The stock has traded between C$7.65 and C$19.83 over the past year.
- Analyst outlook: Analysts give Obsidian Energy a consensus “Moderate Buy” rating, although the average price target is C$14.00; Raymond James has an “outperform” rating with a C$20.00 target.
Obsidian Energy Ltd. (TSE:OBE - Get Free Report) insider William Clifford Swadling sold 22,950 shares of the company's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of C$16.75, for a total transaction of C$384,412.50. Following the transaction, the insider owned 205,277 shares of the company's stock, valued at approximately C$3,438,389.75. The trade was a 10.06% decrease in their position.
William Clifford Swadling also recently made the following trade(s):
- On Wednesday, August 19th, William Clifford Swadling sold 23,700 shares of Obsidian Energy stock. The stock was sold at an average price of C$16.55, for a total transaction of C$392,235.00.
Obsidian Energy Stock Down 1.6%
OBE stock opened at C$16.46 on Friday. The stock has a market capitalization of C$1.10 billion, a PE ratio of 39.19, a price-to-earnings-growth ratio of 0.08 and a beta of -0.32. The company has a fifty day moving average of C$13.51 and a 200-day moving average of C$13.69. The company has a debt-to-equity ratio of 26.77, a quick ratio of 0.41 and a current ratio of 0.78. Obsidian Energy Ltd. has a one year low of C$7.65 and a one year high of C$19.83.
Obsidian Energy (TSE:OBE - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported C$0.61 earnings per share (EPS) for the quarter. The business had revenue of C$176.10 million for the quarter. Obsidian Energy had a net margin of 4.96% and a return on equity of 2.00%. As a group, analysts expect that Obsidian Energy Ltd. will post 1.5996205 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on OBE shares. Royal Bank Of Canada raised Obsidian Energy to a "hold" rating in a research note on Monday, May 11th. Raymond James Financial lifted their price target on Obsidian Energy from C$19.00 to C$20.00 and gave the company an "outperform" rating in a research note on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of C$14.00.
Check Out Our Latest Analysis on OBE
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.
Featured 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].
