Insider Selling: Obsidian Energy (TSE:OBE) Insider Sells C$86,500.00 in Stock

Obsidian Energy Ltd. (TSE:OBE) insider Gareth Robin Sykes sold 5,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of C$17.30, for a total transaction of C$86,500.00. Following the transaction, the insider directly owned 147,977 shares in the company, valued at approximately C$2,560,002.10. This trade represents a 3.27% decrease in their ownership of the stock.

Gareth Robin Sykes also recently made the following trade(s):

• On Tuesday, May 12th, Gareth Robin Sykes sold 5,000 shares of Obsidian Energy stock. The stock was sold at an average price of C$17.74, for a total transaction of C$88,700.00.
• On Thursday, March 19th, Gareth Robin Sykes sold 5,000 shares of Obsidian Energy stock. The stock was sold at an average price of C$12.24, for a total transaction of C$61,200.00.
• On Thursday, March 19th, Gareth Robin Sykes sold 7,850 shares of Obsidian Energy stock. The stock was sold at an average price of C$12.04, for a total transaction of C$94,514.00.
• On Thursday, March 19th, Gareth Robin Sykes sold 1,885 shares of Obsidian Energy stock. The stock was sold at an average price of C$12.13, for a total transaction of C$22,865.05.

Obsidian Energy Price Performance

Obsidian Energy stock opened at C$18.49 on Friday. Obsidian Energy Ltd. has a 52 week low of C$6.42 and a 52 week high of C$19.83. 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 firm’s 50-day simple moving average is C$14.34 and its 200 day simple moving average is C$10.88. The firm has a market capitalization of C$1.23 billion, a PE ratio of 1,849.00, a P/E/G ratio of 0.08 and a beta of -0.21.

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

Analyst Ratings Changes

A number of research analysts have recently commented on OBE shares. BMO Capital Markets upped their price objective 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. Royal Bank Of Canada raised shares of Obsidian Energy to a “hold” rating in a research report on Monday, May 11th. Finally, Raymond James Financial increased 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 investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$13.67.

About Obsidian Energy

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.