Obsidian Energy Ltd. (TSE:OBE - Get Free Report) shares rose 6.7% during mid-day trading on Thursday . The company traded as high as C$6.08 and last traded at C$6.03. Approximately 816,714 shares changed hands during mid-day trading, an increase of 122% from the average daily volume of 367,170 shares. The stock had previously closed at C$5.65.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on OBE shares. BMO Capital Markets raised their price objective on shares of Obsidian Energy from C$12.00 to C$14.00 in a research note on Thursday, February 20th. Raymond James decreased 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 reduced 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 report on Thursday, May 8th.
View Our Latest Stock Report 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 business's fifty day simple moving average is C$6.96 and its 200-day simple moving average is C$7.56. The firm has a market capitalization of C$530.52 million, a PE ratio of 4.55, a price-to-earnings-growth ratio of 0.08 and a beta of 2.30.
Insider Transactions at Obsidian Energy
In other Obsidian Energy news, Director Gordon Malcolm Ritchie purchased 4,229 shares of the company's stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of C$7.94 per share, for a total transaction of C$33,578.26. Also, Senior Officer Mark Kristian Rodger Hawkins sold 25,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of C$7.56, for a total value of C$189,000.00. Over the last 90 days, insiders have bought 6,329 shares of company stock worth $46,744. Corporate insiders own 1.20% of the company's stock.
Obsidian Energy Company Profile
(
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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.
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