Stephen Loukas Purchases 1,000 Shares of Obsidian Energy (TSE:OBE) Stock

Obsidian Energy Ltd. (TSE:OBE) Director Stephen Loukas purchased 1,000 shares of the stock in a transaction on Wednesday, June 17th. The shares were acquired at an average cost of C$13.44 per share, for a total transaction of C$13,440.00. Following the transaction, the director owned 1,658,211 shares of the company’s stock, valued at approximately C$22,286,355.84. The trade was a 0.06% increase in their ownership of the stock.

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

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

Obsidian Energy Stock Up 2.6%

OBE opened at C$13.39 on Friday. Obsidian Energy Ltd. has a 1-year low of C$7.24 and a 1-year high of C$19.83. The stock’s fifty day simple moving average is C$16.06 and its 200 day simple moving average is C$12.15. The company has a current ratio of 0.58, a quick ratio of 0.41 and a debt-to-equity ratio of 19.51. The stock has a market cap of C$894.14 million, a PE ratio of 1,339.00, a price-to-earnings-growth ratio of 0.08 and a beta of -0.35.

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

Wall Street Analysts Forecast Growth

OBE has been the subject of a number of research reports. Raymond James Financial raised 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 shares of Obsidian Energy to a “hold” rating in a report on Monday, May 11th. Finally, BMO Capital Markets raised their price objective on shares of Obsidian Energy from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.