Insider Buying: Obsidian Energy (TSE:OBE) Director Purchases C$13,440.00 in Stock

Obsidian Energy Ltd. (TSE:OBE) Director Stephen Loukas acquired 1,000 shares of Obsidian Energy stock in a transaction dated Wednesday, June 17th. The shares were bought at an average cost of C$13.44 per share, with a total value of C$13,440.00. Following the completion of the purchase, the director owned 1,658,211 shares in the company, valued at approximately C$22,286,355.84. This 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 stock was bought at an average price of C$17.99 per share, for a total transaction of C$179,900.00.
• On Thursday, May 14th, Stephen Loukas bought 1,000 shares of Obsidian Energy stock. The shares were bought at an average cost of C$18.22 per share, for a total transaction of C$18,220.00.
• On Wednesday, May 13th, Stephen Loukas bought 1,600 shares of Obsidian Energy stock. The shares were bought at an average cost of C$18.02 per share, with a total value of C$28,832.00.
• On Friday, May 8th, Stephen Loukas purchased 5,000 shares of Obsidian Energy stock. The stock was bought at an average price of C$17.26 per share, with a total value of C$86,300.00.

Obsidian Energy Trading Up 2.6%

TSE:OBE opened at C$13.39 on Friday. The stock has a fifty day simple moving average of C$16.06 and a 200 day simple moving average of C$12.15. The firm has a market capitalization of C$894.14 million, a price-to-earnings ratio of 1,339.00, a price-to-earnings-growth ratio of 0.08 and a beta of -0.35. 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.

Obsidian Energy (TSE:OBE) last posted its quarterly earnings data on Thursday, May 7th. The company reported C($0.27) earnings per share (EPS) for the quarter. Obsidian Energy had a return on equity of 0.08% and a net margin of 0.21%.The company had revenue of C$138.50 million for the quarter. Sell-side analysts forecast that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on OBE. Royal Bank Of Canada upgraded shares of Obsidian Energy to a “hold” rating in a research report on Monday, May 11th. Raymond James Financial lifted their price objective on shares of Obsidian Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.