Obsidian Energy (TSE:OBE) Stock Price Down 3.9% – Here’s What Happened

Shares of Obsidian Energy Ltd. (TSE:OBE) were down 3.9% on Tuesday. The stock traded as low as C$14.42 and last traded at C$14.52. Approximately 338,862 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 374,984 shares. The stock had previously closed at C$15.11.

Obsidian Energy Trading Up 1.2%

The firm has a market capitalization of C$991.55 million, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 0.08 and a beta of -0.38. The company has a fifty day moving average price of C$15.60 and a 200-day moving average price of C$14.81. The company has a current ratio of 0.78, a quick ratio of 0.41 and a debt-to-equity ratio of 26.77.

Obsidian Energy (TSE:OBE) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.61 EPS for the quarter. The firm had revenue of C$176.10 million for the quarter. Obsidian Energy had a return on equity of 2.00% and a net margin of 4.96%. On average, equities research analysts predict that Obsidian Energy Ltd. will post 1.5996205 EPS for the current year.

Insider Buying and Selling at Obsidian Energy

In other Obsidian Energy news, Director Michael Faust sold 40,200 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of C$17.02, for a total transaction of C$684,204.00. Following the transaction, the director directly owned 17,857 shares in the company, valued at C$303,926.14. This trade represents a 69.24% decrease in their ownership of the stock. Also, Director Stephen Loukas purchased 5,000 shares of Obsidian Energy stock in a transaction on Tuesday, July 7th. The stock was bought at an average cost of C$11.17 per share, with a total value of C$55,850.00. Following the transaction, the director directly owned 1,663,711 shares of the company’s stock, valued at approximately C$18,583,651.87. The trade was a 0.30% increase in their ownership of the stock. Over the last three months, insiders have bought 63,400 shares of company stock valued at $793,016 and have sold 86,850 shares valued at $1,460,852. Corporate insiders own 1.20% of the company’s stock.

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.