Obsidian Energy (TSE:OBE) Director Buys 3,000 Shares of Stock

Obsidian Energy Ltd. (TSE:OBE) Director Edward Hume Kernaghan acquired 3,000 shares of Obsidian Energy stock in a transaction on Monday, July 6th. The stock was purchased at an average cost of C$11.25 per share, with a total value of C$33,750.00. Following the completion of the transaction, the director directly owned 4,032,914 shares in the company, valued at C$45,370,282.50. This represents a 0.07% increase in their position.

Edward Hume Kernaghan also recently made the following trade(s):

• On Monday, July 6th, Edward Hume Kernaghan bought 1,600 shares of Obsidian Energy stock. The shares were purchased at an average cost of C$11.30 per share, for a total transaction of C$18,080.00.
• On Monday, July 6th, Edward Hume Kernaghan purchased 1,400 shares of Obsidian Energy stock. The shares were acquired at an average price of C$11.29 per share, for a total transaction of C$15,806.00.
• On Monday, July 6th, Edward Hume Kernaghan bought 1,000 shares of Obsidian Energy stock. The shares were acquired at an average price of C$11.28 per share, for a total transaction of C$11,280.00.

Obsidian Energy Stock Performance

OBE stock traded down C$0.05 during mid-day trading on Friday, hitting C$12.02. The company had a trading volume of 174,094 shares, compared to its average volume of 381,975. 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 firm has a market cap of C$802.66 million, a PE ratio of 1,202.00, a price-to-earnings-growth ratio of 0.08 and a beta of -0.30. The stock’s fifty day moving average price is C$15.00 and its two-hundred day moving average price is C$12.52. Obsidian Energy Ltd. has a 12 month low of C$7.24 and a 12 month high of C$19.83.

Obsidian Energy (TSE:OBE) last announced its quarterly earnings data 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 for the quarter. On average, analysts forecast that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Raymond James Financial increased their price objective on Obsidian Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada raised 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 issued a Hold rating to the stock. According to MarketBeat, Obsidian Energy has an average rating of “Moderate Buy” and a consensus target price of C$14.00.

About Obsidian Energy

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.