Obsidian Energy (TSE:OBE) Director Stephen Loukas Acquires 1,000 Shares of Stock

Obsidian Energy Ltd. (TSE:OBE) Director Stephen Loukas acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was purchased at an average price of C$13.44 per share, for a total transaction of C$13,440.00. Following the completion of the acquisition, the director owned 1,658,211 shares in the company, valued at approximately C$22,286,355.84. This trade represents a 0.06% increase in their ownership of the stock.

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

• On Thursday, May 14th, Stephen Loukas bought 10,000 shares of Obsidian Energy stock. The shares were purchased at an average price of C$17.99 per share, with a total value of C$179,900.00.
• On Thursday, May 14th, Stephen Loukas bought 1,000 shares of Obsidian Energy stock. The shares were acquired at an average cost of C$18.22 per share, with a total value of C$18,220.00.
• On Wednesday, May 13th, Stephen Loukas purchased 1,600 shares of Obsidian Energy stock. The shares were acquired at an average cost of C$18.02 per share, for a total transaction of C$28,832.00.
• On Friday, May 8th, Stephen Loukas acquired 5,000 shares of Obsidian Energy stock. The shares were acquired at an average price of C$17.26 per share, with a total value of C$86,300.00.

Obsidian Energy Trading Down 3.6%

Shares of Obsidian Energy stock traded down C$0.48 during trading hours on Thursday, hitting C$13.00. The company’s stock had a trading volume of 298,909 shares, compared to its average volume of 385,159. The business has a fifty day moving average of C$16.05 and a 200 day moving average of C$12.11. Obsidian Energy Ltd. has a 1-year low of C$7.24 and a 1-year 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 company has a market capitalization of C$868.10 million, a PE ratio of 1,300.00, a P/E/G ratio of 0.08 and a beta of -0.35.

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 net margin of 0.21% and a return on equity of 0.08%. The business had revenue of C$138.50 million for the quarter. As a group, equities analysts forecast that Obsidian Energy Ltd. will post 1.5996205 EPS for the current year.

Wall Street Analyst Weigh In

OBE has been the subject of a number of recent research reports. Royal Bank Of Canada upgraded Obsidian Energy to a “hold” rating in a research note on Monday, May 11th. BMO Capital Markets boosted 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. Finally, Raymond James Financial upped their price target on Obsidian Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$14.00.

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.