Obsidian Energy Ltd. (TSE:OBE) Senior Officer Mark Kristian Rodger Hawkins Sells 20,000 Shares

Obsidian Energy Ltd. (TSE:OBE) Senior Officer Mark Kristian Rodger Hawkins sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of C$11.56, for a total value of C$231,112.00.

Obsidian Energy Price Performance

Shares of OBE stock traded up C$0.01 during mid-day trading on Wednesday, hitting C$11.76. The company had a trading volume of 87,856 shares, compared to its average volume of 141,288. The company has a debt-to-equity ratio of 13.87, a current ratio of 0.41 and a quick ratio of 0.41. The company has a market capitalization of C$909.05 million, a P/E ratio of 9.23, a P/E/G ratio of 0.08 and a beta of 2.49. The stock’s 50 day moving average price is C$9.96 and its 200-day moving average price is C$10.08. Obsidian Energy Ltd. has a 52-week low of C$7.05 and a 52-week high of C$12.08.

Obsidian Energy (TSE:OBE) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$0.42 EPS for the quarter. The firm had revenue of C$173.30 million for the quarter. Obsidian Energy had a net margin of 16.53% and a return on equity of 6.70%. Equities research analysts forecast that Obsidian Energy Ltd. will post 1.7604167 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on OBE shares. Raymond James cut their price target on shares of Obsidian Energy from C$15.50 to C$12.50 and set an “outperform” rating for the company in a report on Friday, January 19th. BMO Capital Markets set a C$16.50 price objective on Obsidian Energy and gave the company an “outperform” rating in a research note on Tuesday.

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.