Obsidian Energy (TSE:OBE) Insider Gareth Robin Sykes Sells 5,000 Shares

Obsidian Energy Ltd. (TSE:OBE) insider Gareth Robin Sykes sold 5,000 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of C$17.30, for a total value of C$86,500.00. Following the completion of the sale, the insider directly owned 147,977 shares of the company’s stock, valued at C$2,560,002.10. The trade was a 3.27% decrease in their position.

Gareth Robin Sykes also recently made the following trade(s):

• On Thursday, March 19th, Gareth Robin Sykes sold 5,000 shares of Obsidian Energy stock. The stock was sold at an average price of C$12.24, for a total value of C$61,200.00.
• On Thursday, March 19th, Gareth Robin Sykes sold 7,850 shares of Obsidian Energy stock. The stock was sold at an average price of C$12.04, for a total value of C$94,514.00.
• On Thursday, March 19th, Gareth Robin Sykes sold 1,885 shares of Obsidian Energy stock. The stock was sold at an average price of C$12.13, for a total value of C$22,865.05.

Obsidian Energy Stock Down 1.4%

Shares of TSE OBE traded down C$0.25 on Wednesday, hitting C$17.81. The company had a trading volume of 212,634 shares, compared to its average volume of 411,880. Obsidian Energy Ltd. has a 12-month low of C$6.42 and a 12-month high of C$19.83. The business has a 50 day moving average of C$14.06 and a two-hundred day moving average of C$10.76. The company has a quick ratio of 0.41, a current ratio of 0.58 and a debt-to-equity ratio of 19.51. The firm has a market capitalization of C$1.20 billion, a P/E ratio of 1,781.00, a PEG ratio of 0.08 and a beta of -0.21.

Obsidian Energy (TSE:OBE) last issued its earnings results on Thursday, May 7th. The company reported C($0.27) earnings per share for the quarter. Obsidian Energy had a return on equity of 0.08% and a net margin of 0.21%.The company had revenue of C$138.50 million during the quarter. As a group, equities research analysts forecast that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada raised Obsidian Energy to a “hold” rating in a research report on Monday. Raymond James Financial upped their target price on Obsidian Energy from C$14.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Finally, BMO Capital Markets increased their price target on Obsidian Energy from C$10.00 to C$12.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company 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.