Obsidian Energy Ltd. (TSE:OBE - Get Free Report) Director Gordon Malcolm Ritchie bought 4,229 shares of Obsidian Energy stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of C$7.94 per share, for a total transaction of C$33,578.26.
Obsidian Energy Stock Performance
Shares of TSE OBE traded down C$0.09 during mid-day trading on Tuesday, hitting C$7.17. The company had a trading volume of 396,850 shares, compared to its average volume of 281,523. Obsidian Energy Ltd. has a 12 month low of C$6.85 and a 12 month high of C$12.37. The stock has a market cap of C$544.96 million, a price-to-earnings ratio of 4.67, a PEG ratio of 0.08 and a beta of 2.30. The company has a debt-to-equity ratio of 20.55, a current ratio of 0.45 and a quick ratio of 0.41. The firm's 50 day simple moving average is C$7.96 and its two-hundred day simple moving average is C$8.11.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. Royal Bank of Canada reduced their target price on shares of Obsidian Energy from C$13.00 to C$12.00 in a research report on Tuesday, January 14th. BMO Capital Markets increased their target price on Obsidian Energy from C$12.00 to C$14.00 in a report on Thursday, February 20th.
Read Our Latest Stock Analysis on OBE
About Obsidian Energy
(
Get Free Report)
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.
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