Key Points
- Director Michael Faust sold 40,200 Obsidian Energy shares at an average price of C$17.02, generating C$684,204. After the transaction, his direct ownership fell 69.24% to 17,857 shares.
- Obsidian Energy reported quarterly EPS of C$0.61 and revenue of C$176.10 million, with a 4.96% net margin and 2.00% return on equity.
- Analysts maintain a “Moderate Buy” consensus, although the average target price is C$14.00; the stock recently opened at C$16.41 and has traded between C$7.65 and C$19.83 over the past year.
Obsidian Energy Ltd. (TSE:OBE - Get Free Report) Director Michael Faust sold 40,200 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of C$17.02, for a total transaction of C$684,204.00. Following the completion of the sale, the director directly owned 17,857 shares of the company's stock, valued at approximately C$303,926.14. This trade represents a 69.24% decrease in their ownership of the stock.
Obsidian Energy Stock Performance
TSE:OBE opened at C$16.41 on Friday. The firm's 50-day moving average is C$14.17 and its 200-day moving average is C$14.10. Obsidian Energy Ltd. has a 52-week low of C$7.65 and a 52-week high of C$19.83. 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 company has a market cap of C$1.09 billion, a price-to-earnings ratio of 39.07, a PEG ratio of 0.08 and a beta of -0.38.
Obsidian Energy (TSE:OBE - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.61 EPS for the quarter. Obsidian Energy had a net margin of 4.96% and a return on equity of 2.00%. The business had revenue of C$176.10 million during the quarter. Equities research analysts anticipate that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current year.
Analyst Upgrades and Downgrades
OBE has been the subject of several recent research reports. Royal Bank Of Canada raised Obsidian Energy to a "hold" rating in a report on Monday, May 11th. Raymond James Financial lifted their price objective on Obsidian Energy from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$14.00.
Read Our Latest Stock Report 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.
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