Obsidian Energy (TSE:OBE) Director Stephen Loukas Buys 5,000 Shares

Obsidian Energy Ltd. (TSE:OBE) Director Stephen Loukas acquired 5,000 shares of Obsidian Energy stock in a transaction on Tuesday, July 7th. The shares were bought at an average cost of C$11.17 per share, for a total transaction of C$55,850.00. Following the completion of the purchase, the director directly owned 1,663,711 shares of the company’s stock, valued at C$18,583,651.87. The trade was a 0.30% increase in their ownership of the stock.

Stephen Loukas also recently made the following trade(s):

• On Wednesday, June 17th, Stephen Loukas acquired 1,000 shares of Obsidian Energy stock. The shares were bought at an average price of C$13.44 per share, for a total transaction of C$13,440.00.
• On Thursday, May 14th, Stephen Loukas bought 10,000 shares of Obsidian Energy stock. The stock was bought at an average price of C$17.99 per share, with a total value of C$179,900.00.
• On Thursday, May 14th, Stephen Loukas bought 1,000 shares of Obsidian Energy stock. The shares were bought at an average cost of C$18.22 per share, for a total transaction of C$18,220.00.
• On Wednesday, May 13th, Stephen Loukas purchased 1,600 shares of Obsidian Energy stock. The shares were bought at an average price of C$18.02 per share, for a total transaction of C$28,832.00.
• On Friday, May 8th, Stephen Loukas purchased 5,000 shares of Obsidian Energy stock. The stock was bought at an average price of C$17.26 per share, with a total value of C$86,300.00.

Obsidian Energy Trading Up 7.4%

TSE OBE traded up C$0.85 on Wednesday, hitting C$12.41. 903,843 shares of the stock were exchanged, compared to its average volume of 384,031. The company has a debt-to-equity ratio of 19.51, a quick ratio of 0.41 and a current ratio of 0.58. The stock has a fifty day moving average price of C$15.37 and a two-hundred day moving average price of C$12.46. The firm has a market capitalization of C$828.70 million, a P/E ratio of 1,241.00, a P/E/G ratio of 0.08 and a beta of -0.30. Obsidian Energy Ltd. has a 52-week low of C$7.24 and a 52-week high of C$19.83.

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

Wall Street Analyst Weigh In

OBE has been the topic of a number of analyst reports. Raymond James Financial upped their target price on Obsidian Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. Royal Bank Of Canada upgraded Obsidian Energy to a “hold” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$14.00.

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.