Insider Selling: Obsidian Energy (TSE:OBE) Insider Sells C$392,235.00 in Stock

Obsidian Energy Ltd. (TSE:OBE) insider William Clifford Swadling sold 23,700 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$16.55, for a total value of C$392,235.00. Following the completion of the transaction, the insider directly owned 205,277 shares of the company’s stock, valued at approximately C$3,397,334.35. This trade represents a 10.35% decrease in their ownership of the stock.

William Clifford Swadling also recently made the following trade(s):

• On Thursday, August 20th, William Clifford Swadling sold 22,950 shares of Obsidian Energy stock. The shares were sold at an average price of C$16.75, for a total value of C$384,412.50.

Obsidian Energy Price Performance

OBE opened at C$16.46 on Monday. The company has a quick ratio of 0.41, a current ratio of 0.78 and a debt-to-equity ratio of 26.77. The firm has a market cap of C$1.10 billion, a P/E ratio of 39.19, a PEG ratio of 0.08 and a beta of -0.32. Obsidian Energy Ltd. has a 52 week low of C$7.65 and a 52 week high of C$19.83. The business’s fifty day simple moving average is C$13.51 and its 200 day simple moving average is C$13.72.

Obsidian Energy (TSE:OBE) last announced its earnings results on Thursday, July 30th. The company reported C$0.61 earnings per share for the quarter. The firm had revenue of C$176.10 million during the quarter. Obsidian Energy had a net margin of 4.96% and a return on equity of 2.00%. As a group, equities research analysts anticipate that Obsidian Energy Ltd. will post 1.5996205 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on OBE shares. Raymond James Financial upped their price objective on shares of Obsidian Energy from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. Royal Bank Of Canada raised shares of 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 issued a Hold rating to the company. According to data from MarketBeat, the company presently 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.