Obsidian Energy Ltd. (TSE:OBE - Get Free Report)'s stock price traded down 0.4% during mid-day trading on Monday . The stock traded as low as C$7.77 and last traded at C$7.90. 291,116 shares traded hands during trading, a decline of 22% from the average session volume of 373,126 shares. The stock had previously closed at C$7.93.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. Royal Bank Of Canada lowered their target price on Obsidian Energy from C$10.00 to C$9.00 and set a "sector perform" rating for the company in a research report on Thursday, May 8th. Raymond James Financial lowered their target price on Obsidian Energy from C$10.00 to C$9.00 and set a "market perform" rating for the company in a research report on Thursday, May 8th.
Read Our Latest Analysis on Obsidian Energy
Obsidian Energy Stock Performance
The company has a debt-to-equity ratio of 20.55, a quick ratio of 0.41 and a current ratio of 0.45. The stock has a fifty day simple moving average of C$7.05 and a two-hundred day simple moving average of C$7.42. The stock has a market capitalization of C$600.44 million, a price-to-earnings ratio of 5.15, a P/E/G ratio of 0.08 and a beta of 2.30.
Insiders Place Their Bets
In other news, Senior Officer William Clifford Swadling sold 28,572 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of C$7.97, for a total value of C$227,718.84. Also, Director Michael Faust sold 11,658 shares of the firm's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of C$8.15, for a total value of C$95,030.19. In the last ninety days, insiders sold 45,380 shares of company stock worth $364,876. Company insiders own 1.20% of the company's stock.
Obsidian Energy Company Profile
(
Get Free Report)
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.
Further Reading
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