Obsidian Energy Ltd. (TSE:OBE – Get Free Report) shot up 0.1% on Thursday . The stock traded as high as C$8.12 and last traded at C$8.07. 169,696 shares traded hands during trading, an increase of 4% from the average session volume of 162,790 shares. The stock had previously closed at C$8.06.
Analysts Set New Price Targets
Several research firms recently weighed in on OBE. Raymond James upgraded Obsidian Energy to a “strong-buy” rating in a research report on Thursday. Royal Bank of Canada cut their price objective on Obsidian Energy from C$15.00 to C$13.00 in a report on Tuesday, September 17th.
Check Out Our Latest Analysis on OBE
Obsidian Energy Trading Down 0.4 %
Obsidian Energy (TSE:OBE – Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported C$0.46 EPS for the quarter. The business had revenue of C$208.40 million for the quarter. Obsidian Energy had a return on equity of 6.56% and a net margin of 15.81%. Analysts expect that Obsidian Energy Ltd. will post 1.5996205 EPS for the current fiscal year.
Insider Transactions at Obsidian Energy
In related news, Director Michael Faust acquired 40,200 shares of Obsidian Energy stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average price of C$6.21 per share, for a total transaction of C$249,654.06. In other Obsidian Energy news, Director Gordon Malcolm Ritchie bought 11,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of C$7.99 per share, with a total value of C$87,890.00. Also, Director Michael Faust bought 40,200 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were acquired at an average cost of C$6.21 per share, for a total transaction of C$249,654.06. 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.
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