Insider Selling: Obsidian Energy Ltd. (TSE:OBE) Senior Officer Sells 25,000 Shares of Stock

Obsidian Energy Ltd. (TSE:OBE) Senior Officer Mark Kristian Rodger Hawkins sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of C$7.56, for a total transaction of C$189,000.00.

Obsidian Energy Stock Down 2.0 %

TSE OBE traded down C$0.17 on Friday, reaching C$8.14. The company had a trading volume of 187,372 shares, compared to its average volume of 286,702. The company has a debt-to-equity ratio of 20.55, a current ratio of 0.45 and a quick ratio of 0.41. Obsidian Energy Ltd. has a 1 year low of C$6.85 and a 1 year high of C$12.37. The firm has a 50-day moving average of C$7.78 and a 200-day moving average of C$7.94. The firm has a market capitalization of C$618.68 million, a PE ratio of 5.30, a P/E/G ratio of 0.08 and a beta of 2.30.

Analyst Upgrades and Downgrades

OBE has been the subject of several recent research reports. BMO Capital Markets increased their price objective on shares of Obsidian Energy from C$12.00 to C$14.00 in a research report on Thursday, February 20th. Royal Bank of Canada lowered their price target on Obsidian Energy from C$13.00 to C$12.00 in a report on Tuesday, January 14th.

About Obsidian Energy

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.