Obsidian Energy (TSE:OBE) Hits New 52-Week High at $12.11

Obsidian Energy Ltd. (TSE:OBE - Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as C$12.11 and last traded at C$12.03, with a volume of 28844 shares traded. The stock had previously closed at C$11.91.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. BMO Capital Markets set a C$16.50 price target on shares of Obsidian Energy and gave the company an "outperform" rating in a research note on Tuesday. Raymond James lowered their target price on shares of Obsidian Energy from C$15.50 to C$12.50 and set an "outperform" rating on the stock in a report on Friday, January 19th.

Obsidian Energy Price Performance

The firm has a market cap of C$904.41 million, a P/E ratio of 9.14, a PEG ratio of 0.08 and a beta of 2.49. The company has a debt-to-equity ratio of 13.87, a current ratio of 0.41 and a quick ratio of 0.41. The company's 50-day moving average is C$10.07 and its two-hundred day moving average is C$10.11.

Obsidian Energy (TSE:OBE - Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported C$0.42 EPS for the quarter. The company had revenue of C$173.30 million during the quarter. Obsidian Energy had a net margin of 16.53% and a return on equity of 6.70%. Sell-side analysts anticipate that Obsidian Energy Ltd. will post 1.7604167 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Mark Kristian Rodger Hawkins sold 20,000 shares of Obsidian Energy stock in a transaction on Friday, April 5th. The stock was sold at an average price of C$11.56, for a total value of C$231,112.00. In related news, Director John Brydson acquired 25,000 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The stock was acquired at an average price of C$7.09 per share, with a total value of C$177,172.50. Also, Senior Officer Mark Kristian Rodger Hawkins sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of C$11.56, for a total transaction of C$231,112.00. Corporate insiders own 1.21% of the company's stock.

Obsidian Energy Company Profile

Obsidian Energy Ltd. engages in the exploration, production, and development of oil and natural gas properties in the Western Canada. The company was formerly known as Penn West Petroleum Ltd. and changed its name to Obsidian Energy Ltd. in June 2017. Obsidian Energy Ltd. is headquartered in Calgary, Canada.