Obsidian Energy (TSE:OBE) Stock Price Down 0.4% – Should You Sell?

Obsidian Energy Ltd. (TSE:OBE)’s stock price was down 0.4% during mid-day trading on Monday . The company traded as low as C$8.36 and last traded at C$8.45. Approximately 194,705 shares traded hands during trading, an increase of 3% from the average daily volume of 189,679 shares. The stock had previously closed at C$8.48.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BMO Capital Markets dropped their price objective on Obsidian Energy from C$17.00 to C$12.00 in a report on Friday, December 13th. Royal Bank of Canada dropped their price target on Obsidian Energy from C$15.00 to C$13.00 in a research note on Tuesday, September 17th. Finally, Raymond James raised shares of Obsidian Energy to a “strong-buy” rating in a research report on Thursday, October 17th.

Obsidian Energy Price Performance

The stock has a market cap of C$642.28 million, a PE ratio of 6.45, a P/E/G ratio of 0.08 and a beta of 2.30. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 22.94. The business has a fifty day simple moving average of C$7.90 and a two-hundred day simple moving average of C$8.67.

Insider Buying and Selling at Obsidian Energy

In other Obsidian Energy news, Senior Officer Mark Kristian Rodger Hawkins sold 25,075 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of C$8.55, for a total transaction of C$214,391.25. Insiders own 1.20% of the company’s stock.

Obsidian Energy Company Profile

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.