Obsidian Energy Ltd. (TSE:OBE - Get Free Report) shares fell 2.5% on Wednesday . The stock traded as low as C$7.77 and last traded at C$7.82. 302,559 shares traded hands during trading, an increase of 65% from the average session volume of 183,534 shares. The stock had previously closed at C$8.02.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on OBE. Royal Bank of Canada cut their price objective on shares of Obsidian Energy from C$15.00 to C$13.00 in a research report on Tuesday, September 17th. Raymond James upgraded shares of Obsidian Energy to a "strong-buy" rating in a research note on Thursday, October 17th.
Get Our Latest Analysis on Obsidian Energy
Obsidian Energy Stock Up 0.9 %
The company has a debt-to-equity ratio of 22.94, a current ratio of 0.49 and a quick ratio of 0.41. The firm has a 50-day moving average of C$8.07 and a 200 day moving average of C$9.03. The stock has a market capitalization of C$599.72 million, a price-to-earnings ratio of 5.97, a PEG ratio of 0.08 and a beta of 2.30.
Insider Activity
In related news, Senior Officer Mark Kristian Rodger Hawkins sold 25,075 shares of Obsidian Energy stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of C$8.55, for a total transaction of C$214,391.25. 1.20% of the stock is currently owned by insiders.
Obsidian Energy Company Profile
(
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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