Gareth Robin Sykes Sells 5,000 Shares of Obsidian Energy (TSE:OBE) Stock

Obsidian Energy Ltd. (TSE:OBE) insider Gareth Robin Sykes sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$17.74, for a total transaction of C$88,700.00. Following the transaction, the insider directly owned 147,977 shares of the company’s stock, valued at approximately C$2,625,111.98. This trade represents a 3.27% decrease in their ownership of the stock.

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

• On Friday, May 8th, Gareth Robin Sykes sold 5,000 shares of Obsidian Energy stock. The shares were sold at an average price of C$17.30, for a total transaction of C$86,500.00.
• 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 7,850 shares of Obsidian Energy stock. The stock was sold at an average price of C$12.04, for a total transaction of C$94,514.00.
• On Thursday, March 19th, Gareth Robin Sykes sold 1,885 shares of Obsidian Energy stock. The stock was sold at an average price of C$12.13, for a total transaction of C$22,865.05.

Obsidian Energy Price Performance

OBE stock opened at C$18.49 on Friday. Obsidian Energy Ltd. has a 1 year low of C$6.42 and a 1 year high of C$19.83. The company has a market cap of C$1.23 billion, a P/E ratio of 1,849.00, a PEG ratio of 0.08 and a beta of -0.21. The firm has a 50-day moving average of C$14.34 and a 200 day moving average of C$10.88. The company has a debt-to-equity ratio of 19.51, a current ratio of 0.58 and a quick ratio of 0.41.

Obsidian Energy (TSE:OBE) last released its quarterly earnings results 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 during the quarter. On average, sell-side analysts forecast that Obsidian Energy Ltd. will post 1.5996205 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on OBE. BMO Capital Markets increased their price target on shares of Obsidian Energy from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Raymond James Financial increased their price target on shares of Obsidian Energy from C$14.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada raised shares of Obsidian Energy to a “hold” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$13.67.

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.