Obsidian Energy (TSE:OBE) Rating Increased to Hold at Royal Bank Of Canada

Obsidian Energy (TSE:OBE) was upgraded by equities research analysts at Royal Bank Of Canada to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the company. BMO Capital Markets boosted their target price on Obsidian Energy from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Raymond James Financial boosted their target price on Obsidian Energy from C$14.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$13.67.

Obsidian Energy Price Performance

Obsidian Energy stock opened at C$17.60 on Monday. The firm has a market capitalization of C$1.19 billion, a P/E ratio of 1,760.00, a PEG ratio of 0.08 and a beta of -0.21. Obsidian Energy has a 1 year low of C$6.42 and a 1 year high of C$19.83. The business has a 50-day moving average of C$13.78 and a 200-day moving average of C$10.62. The company has a current ratio of 0.58, a quick ratio of 0.41 and a debt-to-equity ratio of 19.51.

Obsidian Energy (TSE:OBE) last posted its earnings results on Thursday, May 7th. The company reported C($0.27) earnings per share (EPS) for the quarter. The company 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%. On average, equities analysts anticipate that Obsidian Energy will post 1.5996205 EPS for the current year.

Insider Buying and Selling at Obsidian Energy

In other Obsidian Energy news, Director Stephen Loukas purchased 5,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price of C$17.26 per share, with a total value of C$86,300.00. Following the acquisition, the director directly owned 1,309,546 shares of the company’s stock, valued at C$22,602,763.96. This trade represents a 0.38% increase in their position. Also, insider Gareth Robin Sykes sold 5,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of C$12.24, for a total value of C$61,200.00. Following the sale, the insider directly owned 132,244 shares of the company’s stock, valued at C$1,618,666.56. This represents a 3.64% decrease in their position. Insiders have sold 14,735 shares of company stock worth $178,579 over the last ninety days. 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.