Insider Buying: Obsidian Energy (TSE:OBE) Director Acquires 5,000 Shares of Stock

Obsidian Energy Ltd. (TSE:OBE) Director Stephen Loukas bought 5,000 shares of the stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of C$17.26 per share, with a total value of C$86,300.00. Following the completion of the acquisition, the director directly owned 1,309,546 shares of the company’s stock, valued at approximately C$22,602,763.96. The trade was a 0.38% increase in their position.

Obsidian Energy Stock Performance

Shares of Obsidian Energy stock traded up C$0.40 on Monday, reaching C$17.39. 245,755 shares of the company were exchanged, compared to its average volume of 412,394. The firm has a market cap of C$1.18 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 0.08 and a beta of -0.21. Obsidian Energy Ltd. has a 1-year low of C$6.42 and a 1-year high of C$19.83. 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 company’s 50-day moving average is C$13.50 and its two-hundred day moving average is C$10.49.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of Obsidian Energy from C$9.00 to C$10.00 and gave the stock a “hold” rating in a report on Friday, February 20th. BMO Capital Markets boosted their target price on shares of Obsidian Energy from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Finally, Raymond James Financial upped their target price on shares of Obsidian Energy from C$14.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$13.67.

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.