Insider Buying: Obsidian Energy (TSE:OBE) Director Acquires C$55,850.00 in Stock

Obsidian Energy Ltd. (TSE:OBE) Director Stephen Loukas bought 5,000 shares of Obsidian Energy stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average cost of C$11.17 per share, for a total transaction of C$55,850.00. Following the purchase, the director directly owned 1,663,711 shares in the company, valued at approximately C$18,583,651.87. The trade was a 0.30% increase in their position.

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

• On Wednesday, June 17th, Stephen Loukas purchased 1,000 shares of Obsidian Energy stock. The stock was bought at an average cost of C$13.44 per share, for a total transaction of C$13,440.00.
• On Thursday, May 14th, Stephen Loukas acquired 10,000 shares of Obsidian Energy stock. The stock was bought 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 bought at an average price of C$18.22 per share, with a total value of C$18,220.00.
• On Wednesday, May 13th, Stephen Loukas bought 1,600 shares of Obsidian Energy stock. The stock was purchased 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 acquired 5,000 shares of Obsidian Energy stock. The shares were acquired at an average cost of C$17.26 per share, for a total transaction of C$86,300.00.

Obsidian Energy Stock Down 0.4%

Shares of Obsidian Energy stock opened at C$12.02 on Friday. The company has a debt-to-equity ratio of 19.51, a current ratio of 0.58 and a quick ratio of 0.41. The business has a 50-day moving average of C$15.00 and a two-hundred day moving average of C$12.52. 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 market capitalization of C$802.66 million, a P/E ratio of 1,202.00, a price-to-earnings-growth ratio of 0.08 and a beta of -0.30.

Obsidian Energy (TSE:OBE) last announced its earnings results on Thursday, May 7th. The company reported C($0.27) earnings per share for the quarter. The company had revenue of C$138.50 million during the quarter. Obsidian Energy had a return on equity of 0.08% and a net margin of 0.21%. As a group, equities analysts predict that Obsidian Energy Ltd. will post 1.5996205 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on OBE shares. Raymond James Financial lifted their price objective on shares of Obsidian Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. Royal Bank Of Canada upgraded shares of Obsidian Energy to a “hold” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Obsidian Energy presently 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.