Obsidian Energy (TSE:OBE) Insider Gareth Robin Sykes Sells 5,000 Shares

Obsidian Energy Ltd. (TSE:OBE) insider Gareth Robin Sykes sold 5,000 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of C$17.30, for a total value of C$86,500.00. Following the completion of the transaction, the insider directly owned 147,977 shares of the company’s stock, valued at C$2,560,002.10. This represents a 3.27% decrease in their position.

Gareth Robin Sykes also recently made the following trade(s):

• On Thursday, March 19th, Gareth Robin Sykes sold 5,000 shares of Obsidian Energy stock. The shares were sold at an average price of C$12.24, for a total value of C$61,200.00.
• On Thursday, March 19th, Gareth Robin Sykes sold 7,850 shares of Obsidian Energy stock. The shares were sold at an average price of C$12.04, for a total value of C$94,514.00.
• On Thursday, March 19th, Gareth Robin Sykes sold 1,885 shares of Obsidian Energy stock. The shares were sold at an average price of C$12.13, for a total value of C$22,865.05.

Obsidian Energy Stock Performance

TSE:OBE traded down C$0.25 during trading hours on Wednesday, reaching C$17.81. 212,634 shares of the stock were exchanged, compared to its average volume of 411,880. The company has a quick ratio of 0.41, a current ratio of 0.58 and a debt-to-equity ratio of 19.51. The firm has a 50 day simple moving average of C$14.06 and a 200-day simple moving average of C$10.76. Obsidian Energy Ltd. has a 52 week low of C$6.42 and a 52 week high of C$19.83. The stock has a market capitalization of C$1.20 billion, a P/E ratio of 1,781.00, a P/E/G ratio of 0.08 and a beta of -0.21.

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

Wall Street Analysts Forecast Growth

OBE has been the topic of a number of research analyst reports. BMO Capital Markets increased their target price on Obsidian Energy from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Raymond James Financial increased their target price on Obsidian Energy from C$14.00 to C$19.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada raised Obsidian Energy to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$13.67.

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.