William Clifford Swadling Sells 28,572 Shares of Obsidian Energy Ltd. (TSE:OBE) Stock

Obsidian Energy Ltd. (TSE:OBE) Senior Officer William Clifford Swadling sold 28,572 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of C$7.97, for a total transaction of C$227,718.84.

Obsidian Energy Stock Up 6.0%

TSE:OBE opened at C$8.18 on Wednesday. The firm’s 50 day simple moving average is C$6.67 and its 200 day simple moving average is C$7.40. The company has a debt-to-equity ratio of 20.55, a current ratio of 0.45 and a quick ratio of 0.41. Obsidian Energy Ltd. has a one year low of C$5.35 and a one year high of C$10.72. The company has a market cap of C$621.72 million, a PE ratio of 5.33, a P/E/G ratio of 0.08 and a beta of 2.30.

Analyst Upgrades and Downgrades

OBE has been the topic of a number of research analyst reports. Royal Bank Of Canada cut their target price on shares of Obsidian Energy from C$10.00 to C$9.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 8th. 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. Finally, Raymond James Financial cut their price objective on Obsidian Energy from C$10.00 to C$9.00 and set a “market perform” rating on the stock in a report on Thursday, May 8th.

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.