BMO Capital Markets set a C$16.50 price objective on Obsidian Energy (TSE:OBE – Free Report) in a research report report published on Tuesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Separately, Raymond James dropped their price objective on shares of Obsidian Energy from C$15.50 to C$12.50 and set an outperform rating on the stock in a research note on Friday, January 19th.
Obsidian Energy Stock Down 0.7 %
Obsidian Energy (TSE:OBE – Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$0.42 earnings per share for the quarter. Obsidian Energy had a net margin of 16.53% and a return on equity of 6.70%. The firm had revenue of C$173.30 million for the quarter. As a group, sell-side analysts forecast that Obsidian Energy will post 1.7604167 earnings per share for the current fiscal year.
Insider Activity
In other news, Director John Brydson bought 25,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was bought at an average price of C$7.09 per share, for a total transaction of C$177,172.50. In other news, Senior Officer Mark Kristian Rodger Hawkins sold 20,000 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of C$11.56, for a total value of C$231,112.00. Also, Director John Brydson bought 25,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was purchased at an average price of C$7.09 per share, with a total value of C$177,172.50. 1.21% of the stock is currently owned by corporate 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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