Obsidian Energy Ltd. (TSE:OBE – Get Rating) Director Stephen Loukas bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were bought at an average price of C$10.53 per share, for a total transaction of C$31,579.20. Following the transaction, the director now directly owns 807,310 shares in the company, valued at C$8,498,067.98.
Stephen Loukas also recently made the following trade(s):
On Monday, August 22nd, Stephen Loukas bought 5,000 shares of Obsidian Energy stock. The shares were bought at an average price of C$11.38 per share, for a total transaction of C$56,889.00.
Obsidian Energy Stock Up 2.5 %
OBE stock traded up C$0.26 during midday trading on Friday, reaching C$10.74. 294,685 shares of the company’s stock traded hands, compared to its average volume of 538,459. Obsidian Energy Ltd. has a 52 week low of C$3.21 and a 52 week high of C$15.67. The company has a quick ratio of 0.24, a current ratio of 0.27 and a debt-to-equity ratio of 37.83. The company has a market cap of C$882.30 million and a price-to-earnings ratio of 4.49. The firm’s fifty day moving average price is C$10.65 and its 200-day moving average price is C$10.88.
Obsidian Energy (TSE:OBE – Get Rating) last posted its earnings results on Thursday, July 28th. The company reported C$1.35 earnings per share (EPS) for the quarter. The firm had revenue of C$276.50 million during the quarter. As a group, sell-side analysts forecast that Obsidian Energy Ltd. will post 4.8099999 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
OBE has been the subject of a number of recent research reports. Raymond James boosted their price target on shares of Obsidian Energy from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research note on Tuesday, July 5th. Stifel Nicolaus decreased their price target on shares of Obsidian Energy from C$19.50 to C$19.00 in a research note on Wednesday, August 3rd.
Obsidian Energy Company Profile
Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.