Obsidian Energy (TSE:OBE) Director Edward Hume Kernaghan Acquires 50,500 Shares of Stock

Obsidian Energy Ltd. (TSE:OBE) Director Edward Hume Kernaghan bought 50,500 shares of Obsidian Energy stock in a transaction on Wednesday, August 5th. The shares were purchased at an average price of C$12.78 per share, for a total transaction of C$645,390.00. Following the acquisition, the director directly owned 4,083,414 shares in the company, valued at approximately C$52,186,030.92. This trade represents a 1.25% increase in their position.

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

• On Monday, July 6th, Edward Hume Kernaghan acquired 1,600 shares of Obsidian Energy stock. The stock was purchased at an average price of C$11.30 per share, with a total value of C$18,080.00.
• On Monday, July 6th, Edward Hume Kernaghan bought 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 purchased 1,000 shares of Obsidian Energy stock. The stock was acquired at an average price of C$11.28 per share, with a total value of C$11,280.00.
• On Monday, July 6th, Edward Hume Kernaghan acquired 3,000 shares of Obsidian Energy stock. The shares were acquired at an average cost of C$11.25 per share, for a total transaction of C$33,750.00.

Obsidian Energy Stock Up 4.0%

OBE traded up C$0.54 during midday trading on Friday, reaching C$14.01. The company’s stock had a trading volume of 214,177 shares, compared to its average volume of 386,951. Obsidian Energy Ltd. has a 1 year low of C$7.62 and a 1 year high of C$19.83. The stock’s 50-day moving average is C$13.63 and its 200-day moving average is C$13.26. The firm has a market capitalization of C$935.55 million, a price-to-earnings ratio of 33.36, a PEG ratio of 0.08 and a beta of -0.32. The company has a current ratio of 0.78, a quick ratio of 0.41 and a debt-to-equity ratio of 26.77.

Obsidian Energy (TSE:OBE) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.61 earnings per share for the quarter. Obsidian Energy had a return on equity of 2.00% and a net margin of 4.96%.The company had revenue of C$181.30 million for the quarter. As a group, research analysts expect that Obsidian Energy Ltd. will post 1.5996205 EPS for the current year.

Analysts Set New Price Targets

OBE has been the topic of several analyst reports. Raymond James Financial upped their target price on shares of Obsidian Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Royal Bank Of Canada raised Obsidian Energy to a “hold” rating in a research 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.