Obsidian Energy Ltd. (TSE:OBE – Get Free Report)’s share price reached a new 52-week high on Friday . The stock traded as high as C$12.11 and last traded at C$12.03, with a volume of 28844 shares changing hands. The stock had previously closed at C$11.91.
Analysts Set New Price Targets
Several analysts have recently weighed in on OBE shares. BMO Capital Markets set a C$16.50 target price on Obsidian Energy and gave the company an “outperform” rating in a report on Tuesday, April 9th. 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 report on Friday, January 19th.
Read Our Latest Report on Obsidian Energy
Obsidian Energy Trading Down 1.8 %
Obsidian Energy (TSE:OBE – Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$0.42 EPS for the quarter. The firm had revenue of C$173.30 million during the quarter. Obsidian Energy had a return on equity of 6.70% and a net margin of 16.53%. Analysts predict that Obsidian Energy Ltd. will post 1.7604167 earnings per share for the current fiscal year.
Insider Buying and Selling at Obsidian Energy
In related news, Director John Brydson acquired 25,000 shares of Obsidian Energy stock in a transaction on Thursday, February 29th. The stock was purchased at an average cost of C$7.09 per share, with a total value of C$177,172.50. In other Obsidian Energy news, Senior Officer Mark Kristian Rodger Hawkins sold 20,000 shares of the business’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 transaction of C$231,112.00. Also, Director John Brydson bought 25,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were acquired at an average price of C$7.09 per share, for a total transaction of C$177,172.50. 1.21% of the stock is owned by company insiders.
Obsidian Energy Company Profile
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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