Obsidian Energy Ltd. (TSE:OBE – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as C$12.15 and last traded at C$12.11, with a volume of 36710 shares changing hands. The stock had previously closed at C$12.01.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on OBE shares. Raymond James reduced their target price on Obsidian Energy from C$15.50 to C$12.50 and set an “outperform” rating for the company in a research note on Friday, January 19th. BMO Capital Markets set a C$16.50 target price on Obsidian Energy and gave the stock an “outperform” rating in a research note on Tuesday, April 9th.
Check Out Our Latest Report on OBE
Obsidian Energy Trading Up 2.6 %
Obsidian Energy (TSE:OBE – Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$0.42 earnings per share for the quarter. Obsidian Energy had a return on equity of 6.70% and a net margin of 16.53%. The firm had revenue of C$173.30 million during the quarter. Sell-side analysts anticipate that Obsidian Energy Ltd. will post 1.7604167 earnings per share for the current fiscal year.
Insider Activity
In other news, Senior Officer Mark Kristian Rodger Hawkins sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of C$11.56, for a total value of C$231,112.00. In other news, Senior Officer Mark Kristian Rodger Hawkins sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of C$11.56, for a total value of C$231,112.00. Also, Director John Brydson acquired 25,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was acquired at an average price of C$7.09 per share, with a total value of C$177,172.50. Company insiders own 1.21% of the company’s stock.
About Obsidian Energy
Obsidian Energy Ltd. engages in the exploration, production, and development of oil and natural gas properties in the Western Canada. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.
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