Obsidian Energy (TSE:OBE) Shares Up 1% - Should You Buy?

Key Points

• Obsidian Energy's stock rose by 1% during mid-day trading, reaching a high of C$8.46 before closing at C$8.17, despite a 42% decline in trading volume compared to the average.
• The company has a market capitalization of C$548.21 million, with a PE ratio of -2.84 and a debt-to-equity ratio of 20.55.
• Insiders sold a total of 55,594 shares in the last ninety days, with only 1.20% of the stock currently owned by insiders.

Obsidian Energy Ltd. (TSE:OBE - Get Free Report) shares were up 1% during trading on Tuesday . The stock traded as high as C$8.46 and last traded at C$8.17. Approximately 196,270 shares traded hands during trading, a decline of 42% from the average daily volume of 339,939 shares. The stock had previously closed at C$8.09.

Obsidian Energy Price Performance

The company has a quick ratio of 0.41, a current ratio of 0.45 and a debt-to-equity ratio of 20.55. The stock has a market capitalization of C$558.94 million, a PE ratio of -2.89, a PEG ratio of 0.08 and a beta of 0.28. The company has a 50-day moving average of C$8.06 and a 200 day moving average of C$7.46.

Insider Buying and Selling

In other Obsidian Energy news, Senior Officer Gareth Robin Sykes sold 5,150 shares of the business's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of C$8.18, for a total transaction of C$42,127.00. Also, Director Edward Hume Kernaghan sold 10,214 shares of the business's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of C$8.24, for a total value of C$84,163.36. Over the last three months, insiders sold 55,594 shares of company stock worth $449,039. 1.20% of the stock is currently owned by corporate insiders.

About Obsidian Energy

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.