Separately, Raymond James lifted their price target on Obsidian Energy from C$15.50 to C$16.00 and gave the stock an outperform rating in a research note on Tuesday, July 5th.
Obsidian Energy Stock Performance
Shares of TSE:OBE opened at C$10.58 on Wednesday. The company has a debt-to-equity ratio of 37.83, a current ratio of 0.27 and a quick ratio of 0.24. The business’s 50 day moving average price is C$11.05 and its 200-day moving average price is C$10.44. The firm has a market capitalization of C$869.16 million and a PE ratio of 5.11. Obsidian Energy has a 1 year low of C$2.80 and a 1 year high of C$15.67.
Insider Transactions at Obsidian Energy
In related news, Director Stephen Loukas acquired 15,000 shares of the stock in a transaction on Monday, May 9th. The shares were bought at an average price of C$8.84 per share, with a total value of C$132,669.41. Following the completion of the purchase, the director now owns 645,350 shares of the company’s stock, valued at approximately C$5,707,880.03.
About Obsidian Energy
Obsidian Energy Ltd. primarily focuses on the exploration, production, and development of oil and natural gas properties in the Western Canada Sedimentary Basin. 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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