Stephen Loukas Purchases 1,600 Shares of Obsidian Energy (TSE:OBE) Stock

Obsidian Energy Ltd. (TSE:OBE) Director Stephen Loukas acquired 1,600 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were bought at an average price of C$18.02 per share, with a total value of C$28,832.00. Following the completion of the transaction, the director directly owned 1,311,146 shares of the company’s stock, valued at approximately C$23,626,850.92. The trade was a 0.12% increase in their ownership of the stock.

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

• On Friday, May 8th, Stephen Loukas acquired 5,000 shares of Obsidian Energy stock. The shares were bought at an average price of C$17.26 per share, with a total value of C$86,300.00.

Obsidian Energy Trading Up 1.2%

Shares of OBE stock opened at C$18.02 on Friday. The firm has a 50 day moving average price of C$14.20 and a two-hundred day moving average price of C$10.82. The company has a quick ratio of 0.41, a current ratio of 0.58 and a debt-to-equity ratio of 19.51. The company has a market capitalization of C$1.20 billion, a PE ratio of 1,802.00, a price-to-earnings-growth ratio of 0.08 and a beta of -0.21. Obsidian Energy Ltd. has a 12-month low of C$6.42 and a 12-month high of C$19.83.

Obsidian Energy (TSE:OBE) last issued 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 return on equity of 0.08% and a net margin of 0.21%. As a group, analysts predict that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OBE. Royal Bank Of Canada upgraded shares of Obsidian Energy to a “hold” rating in a research report on Monday. Raymond James Financial raised their price objective 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. Finally, BMO Capital Markets raised their target price on shares of Obsidian Energy from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.