Obsidian Energy (TSE:OBE) Director Sells C$84,163.36 in Stock

Key Points

• Edward Hume Kernaghan, a director at Obsidian Energy, sold 10,214 shares of the company on September 9th, totaling about C$84,163.36 at an average price of C$8.24 per share.
• The stock price of Obsidian Energy increased by 1.1% during trading, closing at C$8.18 with a market capitalization of approximately C$548.88 million.
• Obsidian Energy operates in the oil and gas sector with strategic assets in Alberta, primarily focusing on exploration and development in the Western Canada Sedimentary Basin.

Obsidian Energy Ltd. (TSE:OBE - Get Free Report) Director Edward Hume Kernaghan sold 10,214 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of C$8.24, for a total value of C$84,163.36.

Obsidian Energy Price Performance

Obsidian Energy stock traded down C$0.04 during mid-day trading on Friday, hitting C$8.33. 131,894 shares of the company were exchanged, compared to its average volume of 337,254. The company has a debt-to-equity ratio of 20.55, a current ratio of 0.45 and a quick ratio of 0.41. The business's 50 day simple moving average is C$8.06 and its two-hundred day simple moving average is C$7.46. The company has a market capitalization of C$558.94 million, a P/E ratio of -2.89, a PEG ratio of 0.08 and a beta of 0.28. Obsidian Energy Ltd. has a 12-month low of C$5.35 and a 12-month high of C$9.04.

Obsidian Energy Company Profile

Obsidian Energy Ltd, is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.