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 Obsidian Energy stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of C$17.74, for a total transaction of C$88,700.00. Following the completion of the sale, the insider owned 147,977 shares of the company’s stock, valued at C$2,625,111.98. This trade represents a 3.27% decrease in their position.

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

• On Friday, May 8th, Gareth Robin Sykes sold 5,000 shares of Obsidian Energy stock. The stock was sold at an average price of C$17.30, for a total value of C$86,500.00.
• 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 shares were 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 Trading Up 1.9%

TSE:OBE traded up C$0.33 on Thursday, reaching C$18.14. 189,752 shares of the company’s stock were exchanged, compared to its average volume of 409,454. The firm has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 1,814.00, a price-to-earnings-growth ratio of 0.08 and a beta of -0.21. Obsidian Energy Ltd. has a 52-week low of C$6.42 and a 52-week high of C$19.83. 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 business has a fifty day moving average of C$14.06 and a 200-day moving average of C$10.76.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on OBE shares. Raymond James Financial increased their price target on Obsidian Energy from C$14.00 to C$19.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. BMO Capital Markets raised 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. Finally, Royal Bank Of Canada upgraded shares of Obsidian Energy to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.