Obsidian Energy (TSE:OBE) Shares Down 2.4% - Time to Sell?

Obsidian Energy Ltd. (TSE:OBE - Get Free Report)'s stock price fell 2.4% during mid-day trading on Friday . The stock traded as low as C$6.57 and last traded at C$6.62. 348,248 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 361,042 shares. The stock had previously closed at C$6.78.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on OBE. BMO Capital Markets increased their price objective on shares of Obsidian Energy from C$12.00 to C$14.00 in a research report on Thursday, February 20th. Raymond James lowered their price objective on shares of 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. Finally, Royal Bank of Canada lowered their price objective on shares of 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.

Obsidian Energy Price Performance

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 firm has a market cap of C$519.88 million, a price-to-earnings ratio of 4.46, a P/E/G ratio of 0.08 and a beta of 2.30. The business's 50-day moving average price is C$6.67 and its two-hundred day moving average price is C$7.44.

Insider Transactions at Obsidian Energy

In other Obsidian Energy news, Senior Officer Mark Kristian Rodger Hawkins sold 25,000 shares of Obsidian Energy stock in a transaction on Thursday, March 20th. The shares were sold at an average price of C$7.56, for a total value of C$189,000.00. Over the last quarter, insiders purchased 1,600 shares of company stock valued at $10,573. 1.20% of the stock is currently owned by corporate insiders.

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.