Obsidian Energy Ltd. (TSE:OBE – Get Free Report) Director Stephen Loukas bought 1,600 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of C$18.02 per share, for a total transaction of C$28,832.00. Following the transaction, the director owned 1,311,146 shares of the company’s stock, valued at C$23,626,850.92. This trade represents a 0.12% increase in their ownership of the stock.
Stephen Loukas also recently made the following trade(s):
- On Thursday, May 14th, Stephen Loukas bought 10,000 shares of Obsidian Energy stock. The stock was purchased at an average cost of C$17.99 per share, for a total transaction of C$179,900.00.
- On Thursday, May 14th, Stephen Loukas bought 1,000 shares of Obsidian Energy stock. The stock was purchased at an average cost of C$18.22 per share, for a total transaction of C$18,220.00.
- On Friday, May 8th, Stephen Loukas bought 5,000 shares of Obsidian Energy stock. The stock was purchased at an average cost of C$17.26 per share, for a total transaction of C$86,300.00.
Obsidian Energy Stock Up 2.6%
Shares of TSE OBE opened at C$18.49 on Friday. The firm has a market cap of C$1.23 billion, a price-to-earnings ratio of 1,849.00, a PEG ratio of 0.08 and a beta of -0.21. The company has a quick ratio of 0.41, a current ratio of 0.58 and a debt-to-equity ratio of 19.51. Obsidian Energy Ltd. has a 52-week low of C$6.42 and a 52-week high of C$19.83. The business’s 50 day moving average is C$14.34 and its two-hundred day moving average is C$10.88.
Analyst Upgrades and Downgrades
OBE has been the topic of a number of recent research reports. Raymond James Financial upped their price objective on Obsidian Energy from C$14.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. BMO Capital Markets upped their price objective on Obsidian Energy from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Finally, Royal Bank Of Canada raised Obsidian Energy to a “hold” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$13.67.
Read Our Latest Analysis on OBE
About Obsidian Energy
Obsidian Energy is an intermediate-sized oil and gas producer with a well-balanced portfolio of high-quality assets, primarily in the Peace River, Willesden Green and Viking areas in Alberta. The Company’s business is to explore for, develop and hold interests in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin.
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