Gareth Robin Sykes Sells 7,850 Shares of Obsidian Energy (TSE:OBE) Stock

Obsidian Energy Ltd. (TSE:OBE) insider Gareth Robin Sykes sold 7,850 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of C$12.04, for a total value of C$94,514.00. Following the sale, the insider directly owned 132,244 shares of the company’s stock, valued at approximately C$1,592,217.76. This represents a 5.60% decrease in their ownership of the stock.

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

• On Thursday, March 19th, Gareth Robin Sykes sold 5,000 shares of Obsidian Energy stock. The shares were 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 1,885 shares of Obsidian Energy stock. The shares were sold at an average price of C$12.13, for a total transaction of C$22,865.05.

Obsidian Energy Stock Performance

Obsidian Energy stock remained flat at C$12.78 during trading hours on Friday. 364,481 shares of the company’s stock were exchanged, compared to its average volume of 357,251. Obsidian Energy Ltd. has a 52 week low of C$5.35 and a 52 week high of C$13.67. The stock has a market capitalization of C$860.18 million, a PE ratio of 26.08, a P/E/G ratio of 0.08 and a beta of 0.19. The company has a debt-to-equity ratio of 15.52, a quick ratio of 0.41 and a current ratio of 0.54. The company’s 50-day moving average price is C$11.14 and its 200 day moving average price is C$9.45.

Obsidian Energy (TSE:OBE) last issued its earnings results on Thursday, February 19th. The company reported C($0.18) earnings per share for the quarter. The firm had revenue of C$114.80 million during the quarter. Obsidian Energy had a net margin of 5.85% and a return on equity of 2.51%. Equities research analysts expect that Obsidian Energy Ltd. will post 1.5996205 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. BMO Capital Markets boosted their target price 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. Royal Bank Of Canada lifted their price target on Obsidian Energy from C$9.00 to C$10.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Finally, Raymond James Financial raised Obsidian Energy from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from C$10.00 to C$15.00 in a report on Monday, March 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Obsidian Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.33.

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.