Obsidian Energy (TSE:OBE) Director Stephen Loukas Buys 5,000 Shares of Stock

Obsidian Energy Ltd. (TSE:OBE) Director Stephen Loukas bought 5,000 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were acquired at an average cost of C$11.17 per share, with a total value of C$55,850.00. Following the purchase, the director directly owned 1,663,711 shares of the company’s stock, valued at approximately C$18,583,651.87. This represents a 0.30% increase in their position.

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

• On Wednesday, June 17th, Stephen Loukas purchased 1,000 shares of Obsidian Energy stock. The stock was bought at an average price of C$13.44 per share, for a total transaction of C$13,440.00.
• On Thursday, May 14th, Stephen Loukas acquired 10,000 shares of Obsidian Energy stock. The shares were bought at an average cost of C$17.99 per share, with a total value of C$179,900.00.
• On Thursday, May 14th, Stephen Loukas acquired 1,000 shares of Obsidian Energy stock. The shares were bought at an average price of C$18.22 per share, with a total value of C$18,220.00.
• On Wednesday, May 13th, Stephen Loukas bought 1,600 shares of Obsidian Energy stock. The stock was bought at an average cost of C$18.02 per share, for a total transaction of C$28,832.00.
• On Friday, May 8th, Stephen Loukas bought 5,000 shares of Obsidian Energy stock. The stock was bought at an average cost of C$17.26 per share, for a total transaction of C$86,300.00.

Obsidian Energy Price Performance

Shares of TSE:OBE opened at C$12.41 on Thursday. The business has a fifty day moving average price of C$15.26 and a 200-day moving average price of C$12.50. The company has a debt-to-equity ratio of 19.51, a current ratio of 0.58 and a quick ratio of 0.41. The company has a market capitalization of C$828.70 million, a PE ratio of 1,241.00, a PEG ratio of 0.08 and a beta of -0.30. Obsidian Energy Ltd. has a 1-year low of C$7.24 and a 1-year high of C$19.83.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on OBE. Raymond James Financial boosted their price objective on shares of Obsidian Energy from C$19.00 to C$20.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada upgraded Obsidian Energy to a “hold” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$14.00.

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.