Obsidian Energy (TSE:OBE) Director Michael Faust Sells 40,200 Shares of Stock

Key Points

• Director Michael Faust sold 40,200 Obsidian Energy shares at an average of C$17.02, generating C$684,204 and reducing his holdings by 69.24% to 17,857 shares.
• Obsidian Energy shares fell 1.2% to C$16.41, while the company reported quarterly EPS of C$0.61 on revenue of C$176.1 million.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus, though the C$14.00 average price target is below the current share price.

Obsidian Energy Ltd. (TSE:OBE - Get Free Report) Director Michael Faust sold 40,200 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of C$17.02, for a total transaction of C$684,204.00. Following the completion of the transaction, the director owned 17,857 shares in the company, valued at approximately C$303,926.14. This represents a 69.24% decrease in their position.

Obsidian Energy Stock Down 1.2%

Shares of TSE:OBE traded down C$0.20 during trading on Friday, reaching C$16.41. 179,733 shares of the stock traded hands, compared to its average volume of 376,943. The stock has a market cap of C$1.09 billion, a P/E ratio of 39.07, a price-to-earnings-growth ratio of 0.08 and a beta of -0.38. The company has a debt-to-equity ratio of 26.77, a quick ratio of 0.41 and a current ratio of 0.78. The stock has a 50-day moving average of C$14.17 and a two-hundred day moving average of C$14.10. Obsidian Energy Ltd. has a 52-week low of C$7.65 and a 52-week high of C$19.83.

Obsidian Energy (TSE:OBE - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.61 earnings per share (EPS) for the quarter. Obsidian Energy had a net margin of 4.96% and a return on equity of 2.00%. The firm had revenue of C$176.10 million for the quarter. As a group, sell-side analysts expect that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OBE. Raymond James Financial raised their price target on 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 upgraded shares of Obsidian Energy to a "hold" rating in a report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Obsidian Energy currently has an average rating of "Moderate Buy" and a consensus price target 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.

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