Shares of Obsidian Energy Ltd. (TSE:OBE – Get Free Report) traded up 3.3% during trading on Monday . The stock traded as high as C$9.96 and last traded at C$9.89. 102,967 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 164,298 shares. The stock had previously closed at C$9.57.
Analyst Ratings Changes
Separately, BMO Capital Markets set a C$16.50 price objective on shares of Obsidian Energy and gave the company an “outperform” rating in a research report on Tuesday, April 9th.
Read Our Latest Stock Analysis on OBE
Obsidian Energy Price Performance
Obsidian Energy (TSE:OBE – Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported C$0.15 EPS for the quarter, missing the consensus estimate of C$0.27 by C($0.12). Obsidian Energy had a net margin of 13.72% and a return on equity of 5.50%. The company had revenue of C$177.30 million during the quarter. Equities research analysts forecast that Obsidian Energy Ltd. will post 1.3406593 earnings per share for the current year.
Insider Buying and Selling at Obsidian Energy
In other Obsidian Energy news, Senior Officer Mark Kristian Rodger Hawkins sold 20,000 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of C$11.56, for a total transaction of C$231,112.00. 1.32% of the stock is currently owned by insiders.
Obsidian Energy Company Profile
Obsidian Energy Ltd. engages in the exploration, production, and development of oil and natural gas properties in the Western Canada. 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.
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