Obsidian Energy Ltd. (TSE:OBE) Director Buys C$33,578.26 in Stock

Obsidian Energy Ltd. (TSE:OBE) Director Gordon Malcolm Ritchie purchased 4,229 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average price of C$7.94 per share, with a total value of C$33,578.26.

Obsidian Energy Stock Up 0.6 %

Shares of TSE OBE opened at C$7.91 on Monday. The company has a current ratio of 0.45, a quick ratio of 0.41 and a debt-to-equity ratio of 20.55. Obsidian Energy Ltd. has a 12 month low of C$7.02 and a 12 month high of C$12.37. The firm has a market capitalization of C$601.20 million, a PE ratio of 5.15, a price-to-earnings-growth ratio of 0.08 and a beta of 2.30. The firm has a fifty day simple moving average of C$7.96 and a two-hundred day simple moving average of C$8.12.

Analyst Ratings Changes

A number of research firms recently commented on OBE. BMO Capital Markets upped their price target on shares of Obsidian Energy from C$12.00 to C$14.00 in a report on Thursday, February 20th. Royal Bank of Canada lowered their price target on shares of 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.