Insider Buying: Obsidian Energy (TSE:OBE) Director Buys 1,000 Shares of Stock

Obsidian Energy Ltd. (TSE:OBE) Director Stephen Loukas purchased 1,000 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was acquired at an average price of C$13.44 per share, with a total value of C$13,440.00. Following the completion of the acquisition, the director directly owned 1,658,211 shares in the company, valued at C$22,286,355.84. The trade was a 0.06% increase in their position.

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

• On Thursday, May 14th, Stephen Loukas purchased 10,000 shares of Obsidian Energy stock. The shares were acquired at an average cost of C$17.99 per share, for a total transaction of C$179,900.00.
• On Thursday, May 14th, Stephen Loukas acquired 1,000 shares of Obsidian Energy stock. The shares were acquired at an average price of C$18.22 per share, for a total transaction of C$18,220.00.
• On Wednesday, May 13th, Stephen Loukas acquired 1,600 shares of Obsidian Energy stock. The shares were acquired at an average price of C$18.02 per share, for a total transaction of C$28,832.00.
• On Friday, May 8th, Stephen Loukas acquired 5,000 shares of Obsidian Energy stock. The stock was acquired at an average cost of C$17.26 per share, with a total value of C$86,300.00.

Obsidian Energy Trading Down 3.6%

Obsidian Energy stock traded down C$0.48 during trading on Thursday, hitting C$13.00. The company’s stock had a trading volume of 298,909 shares, compared to its average volume of 385,159. The stock has a market capitalization of C$868.10 million, a price-to-earnings ratio of 1,300.00, a P/E/G ratio of 0.08 and a beta of -0.35. The stock’s fifty day moving average is C$16.05 and its 200 day moving average is C$12.11. 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 debt-to-equity ratio of 19.51, a quick ratio of 0.41 and a current ratio of 0.58.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on OBE shares. Royal Bank Of Canada raised shares of Obsidian Energy to a “hold” rating in a research report on Monday, May 11th. Raymond James Financial upped their price target on shares of Obsidian Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. Finally, 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. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$14.00.

About Obsidian Energy

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.