Insider Selling: Obsidian Energy (TSE:OBE) Insider Sells 23,700 Shares

Key Points

• Insider selling: William Clifford Swadling sold 23,700 Obsidian Energy shares at an average C$16.55 for C$392,235, reducing his ownership by 10.35% to 205,277 shares. He also sold 22,950 shares the following day for C$384,412.50.
• Stock performance: Obsidian Energy shares fell 1.6% to C$16.45, though they remain well above the 52-week low of C$7.65 and below the high of C$19.83.
• Financial and analyst outlook: The company reported quarterly EPS of C$0.61 and revenue of C$176.10 million. Analysts maintain a “Moderate Buy” consensus, with two Buy ratings and one Hold, although the consensus price target is C$14.00.

Obsidian Energy Ltd. (TSE:OBE - Get Free Report) insider William Clifford Swadling sold 23,700 shares of Obsidian Energy stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of C$16.55, for a total transaction of C$392,235.00. Following the completion of the sale, the insider owned 205,277 shares in the company, valued at 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 stock was sold at an average price of C$16.75, for a total transaction of C$384,412.50.

Obsidian Energy Stock Down 1.6%

OBE traded down C$0.27 during trading hours on Friday, hitting C$16.45. 197,419 shares of the company's stock were exchanged, compared to its average volume of 383,231. The stock has a market cap of C$1.10 billion, a price-to-earnings ratio of 39.17, a PEG ratio of 0.08 and a beta of -0.32. Obsidian Energy Ltd. has a 1-year low of C$7.65 and a 1-year high of C$19.83. The stock's 50-day moving average is C$13.50 and its two-hundred day moving average is C$13.67. The company has a quick ratio of 0.41, a current ratio of 0.78 and a debt-to-equity ratio of 26.77.

Obsidian Energy (TSE:OBE - Get Free Report) last issued its quarterly earnings results 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. Sell-side analysts predict that Obsidian Energy Ltd. will post 1.5996205 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Raymond James Financial upped their target price on Obsidian Energy from C$19.00 to C$20.00 and gave the stock an "outperform" rating in a report on Tuesday, June 2nd. Royal Bank Of Canada upgraded Obsidian Energy to a "hold" rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus 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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