Insider Selling: Obsidian Energy (TSE:OBE) Insider Sells C$384,412.50 in Stock

Key Points

• Insider sale: William Clifford Swadling sold 22,950 Obsidian Energy shares for C$384,412.50 at an average price of C$16.75, reducing his position by 10.06% to 205,277 shares. He also sold 23,700 shares worth C$392,235 the previous day.
• Stock performance: Obsidian Energy shares fell 1.6% to C$16.45, though they remained well above the 50-day and 200-day moving averages of C$13.50 and C$13.67, respectively.
• Analyst outlook and results: The company reported quarterly EPS of C$0.61 and revenue of C$176.10 million. Analysts maintain a “Moderate Buy” consensus, with Raymond James raising its target to C$20.00, compared with a consensus target of C$14.00.

Obsidian Energy Ltd. (TSE:OBE - Get Free Report) insider William Clifford Swadling sold 22,950 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$16.75, for a total transaction of C$384,412.50. Following the transaction, the insider directly owned 205,277 shares in the company, valued at approximately C$3,438,389.75. The trade was a 10.06% decrease in their position.

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

• On Wednesday, August 19th, William Clifford Swadling sold 23,700 shares of Obsidian Energy stock. The shares were sold at an average price of C$16.55, for a total transaction of C$392,235.00.

Obsidian Energy Trading Down 1.6%

Shares of Obsidian Energy stock traded down C$0.27 during trading hours on Friday, hitting C$16.45. The company's stock had a trading volume of 197,419 shares, compared to its average volume of 383,231. The firm has a fifty day moving average of C$13.50 and a 200-day moving average of C$13.67. Obsidian Energy Ltd. has a twelve month low of C$7.65 and a twelve month high of C$19.83. 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 market cap of C$1.10 billion, a price-to-earnings ratio of 39.17, a P/E/G ratio of 0.08 and a beta of -0.32.

Obsidian Energy (TSE:OBE - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.61 earnings per share for the quarter. The business 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%. Research analysts forecast that Obsidian Energy Ltd. will post 1.5996205 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OBE. Raymond James Financial boosted their target price on Obsidian Energy from C$19.00 to C$20.00 and gave the company an "outperform" rating in a research report on Tuesday, June 2nd. Royal Bank Of Canada raised Obsidian Energy to a "hold" rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$14.00.

About Obsidian Energy

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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