Obsidian Energy (TSE:OBE) Stock Price Down 4.2% - Time to Sell?

Obsidian Energy Ltd. (TSE:OBE - Get Free Report)'s stock price traded down 4.2% during trading on Monday . The company traded as low as C$5.44 and last traded at C$5.52. 110,248 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 350,955 shares. The stock had previously closed at C$5.76.

Analyst Ratings Changes

A number of analysts have recently issued reports on OBE shares. Raymond James downgraded shares of Obsidian Energy from a "strong-buy" rating to a "market perform" rating and dropped their price objective for the stock from C$14.00 to C$10.00 in a report on Wednesday, April 9th. Royal Bank of Canada cut Obsidian Energy from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from C$12.00 to C$10.00 in a report on Thursday, April 17th. Finally, BMO Capital Markets raised their price objective on Obsidian Energy from C$12.00 to C$14.00 in a report on Thursday, February 20th.

Obsidian Energy Stock Up 3.5 %

The stock has a market capitalization of C$444.63 million, a P/E ratio of 3.81, a PEG ratio of 0.08 and a beta of 2.30. The stock has a 50 day moving average price of C$7.01 and a 200-day moving average price of C$7.61. The company has a debt-to-equity ratio of 20.55, a current ratio of 0.45 and a quick ratio of 0.41.

Insider Buying and Selling

In related news, Senior Officer Mark Kristian Rodger Hawkins sold 25,000 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of C$7.56, for a total transaction of C$189,000.00. Also, Director Gordon Malcolm Ritchie acquired 4,229 shares of the company's stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of C$7.94 per share, with a total value of C$33,578.26. Insiders have purchased a total of 5,329 shares of company stock worth $40,805 in the last ninety days. 1.20% of the stock is owned by 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.