Insider Buying: Obsidian Energy Ltd. (TSE:OBE) Director Purchases 4,229 Shares of Stock

Obsidian Energy Ltd. (TSE:OBE) Director Gordon Malcolm Ritchie acquired 4,229 shares of the stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of C$7.94 per share, with a total value of C$33,578.26.

Obsidian Energy Stock Performance

Obsidian Energy stock traded down C$0.02 during trading on Friday, hitting C$7.84. The stock had a trading volume of 94,025 shares, compared to its average volume of 266,266. Obsidian Energy Ltd. has a 1 year low of C$7.02 and a 1 year high of C$12.37. The company has a quick ratio of 0.41, a current ratio of 0.45 and a debt-to-equity ratio of 20.55. The stock’s 50 day moving average is C$7.95 and its two-hundred day moving average is C$8.13. The stock has a market cap of C$595.88 million, a price-to-earnings ratio of 5.11, a price-to-earnings-growth ratio of 0.08 and a beta of 2.30.

Wall Street Analysts Forecast Growth

OBE has been the topic of a number of research analyst reports. Royal Bank of Canada cut their target price on Obsidian Energy from C$13.00 to C$12.00 in a research note on Tuesday, January 14th. BMO Capital Markets boosted their target price on Obsidian Energy from C$12.00 to C$14.00 in a research note on Thursday, February 20th.

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.