Obsidian Energy (TSE:OBE) Posts Quarterly Earnings Results

Obsidian Energy (TSE:OBE) issued its quarterly earnings data on Thursday. The company reported C($0.27) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$138.50 million during the quarter. Obsidian Energy had a net margin of 5.85% and a return on equity of 2.51%.

Obsidian Energy Price Performance

Shares of TSE:OBE opened at C$16.99 on Friday. The company has a market cap of C$1.15 billion, a P/E ratio of 34.67, a P/E/G ratio of 0.08 and a beta of -0.21. The business has a fifty day simple moving average of C$13.50 and a 200-day simple moving average of C$10.49. Obsidian Energy has a 52 week low of C$6.13 and a 52 week high of C$19.83. The company has a quick ratio of 0.41, a current ratio of 0.54 and a debt-to-equity ratio of 15.52.

Insiders Place Their Bets

In other Obsidian Energy news, insider Gareth Robin Sykes sold 7,850 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$12.04, for a total value of C$94,514.00. Following the sale, the insider directly owned 132,244 shares of the company’s stock, valued at approximately C$1,592,217.76. This trade represents a 5.60% decrease in their position. Insiders sold 14,735 shares of company stock worth $178,579 in the last quarter. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

OBE has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on shares of Obsidian Energy from C$10.00 to C$12.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Raymond James Financial lifted their price target 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, Royal Bank Of Canada boosted their price objective on shares of Obsidian Energy from C$9.00 to C$10.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$13.67.

Obsidian Energy Company Profile

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.