Obsidian Energy (TSE:OBE) Upgraded at Royal Bank Of Canada

Obsidian Energy (TSE:OBE) was upgraded by equities research analysts at Royal Bank Of Canada to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other research analysts have also recently commented on the company. Raymond James Financial raised their price target on 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. BMO Capital Markets raised their price target on 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$13.67.

Obsidian Energy Stock Up 3.6%

OBE opened at C$17.60 on Monday. Obsidian Energy has a fifty-two week low of C$6.42 and a fifty-two week 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 has a market capitalization of C$1.19 billion, a P/E ratio of 1,760.00, a P/E/G ratio of 0.08 and a beta of -0.21. The stock has a fifty day moving average of C$13.78 and a 200-day moving average of C$10.62.

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

Insider Activity

In other news, Director Stephen Loukas purchased 5,000 shares of Obsidian Energy stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of C$17.26 per share, for a total transaction of C$86,300.00. Following the completion of the acquisition, the director owned 1,309,546 shares in the company, valued at approximately C$22,602,763.96. This trade represents a 0.38% increase in their position. Also, insider Gareth Robin Sykes sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of C$12.24, for a total value of C$61,200.00. Following the sale, the insider owned 132,244 shares in the company, valued at approximately C$1,618,666.56. This trade represents a 3.64% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 14,735 shares of company stock worth $178,579. Company insiders own 1.20% of the company’s stock.

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.