Obsidian Energy (TSE:OBE) Trading Down 1.1%

Obsidian Energy Ltd. (TSE:OBEGet Free Report)’s stock price fell 1.1% during trading on Friday . The company traded as low as C$8.69 and last traded at C$8.75. 103,408 shares traded hands during trading, a decline of 24% from the average session volume of 136,911 shares. The stock had previously closed at C$8.85.

Analyst Ratings Changes

Several research firms recently commented on OBE. BMO Capital Markets lifted their target price on shares of Obsidian Energy from C$11.00 to C$12.00 in a research report on Monday, October 16th. Raymond James cut their target price on shares of Obsidian Energy from C$15.50 to C$12.50 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Finally, Stifel Nicolaus lifted their target price on shares of Obsidian Energy from C$13.50 to C$13.75 in a research report on Monday, October 16th.

Read Our Latest Stock Analysis on OBE

Obsidian Energy Stock Down 1.1 %

The firm’s 50 day moving average price is C$9.12 and its two-hundred day moving average price is C$9.90. The company has a market cap of C$691.86 million, a P/E ratio of 1.05, a price-to-earnings-growth ratio of 0.08 and a beta of 2.44. The company has a debt-to-equity ratio of 14.50, a quick ratio of 0.41 and a current ratio of 0.52.

Obsidian Energy (TSE:OBEGet Free Report) last released its quarterly earnings data on Thursday, November 9th. The company reported C$0.30 earnings per share for the quarter. The company had revenue of C$200.40 million during the quarter. Obsidian Energy had a net margin of 104.26% and a return on equity of 54.75%. Equities research analysts anticipate that Obsidian Energy Ltd. will post 1.1289474 EPS for the current fiscal year.

Insider Activity

In other Obsidian Energy news, Director Gordon Malcolm Ritchie purchased 11,400 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was acquired at an average price of C$9.38 per share, for a total transaction of C$106,902.36. Insiders purchased 14,500 shares of company stock worth $129,467 in the last quarter. 1.23% of the stock is owned by corporate insiders.

Obsidian Energy Company Profile

(Get Free Report)

Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. 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.

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