Shares of Obsidian Energy Ltd. (TSE:OBE – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$12.11 and last traded at C$12.03, with a volume of 28844 shares changing hands. The stock had previously closed at C$11.91.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on OBE. Raymond James reduced their price objective on shares of Obsidian Energy from C$15.50 to C$12.50 and set an “outperform” rating on the stock in a research note on Friday, January 19th. BMO Capital Markets set a C$16.50 price target on shares of Obsidian Energy and gave the stock an “outperform” rating in a research report on Tuesday, April 9th.
Check Out Our Latest Research Report on OBE
Obsidian Energy Trading Down 1.8 %
Obsidian Energy (TSE:OBE – Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$0.42 EPS for the quarter. Obsidian Energy had a net margin of 16.53% and a return on equity of 6.70%. The business had revenue of C$173.30 million for the quarter. As a group, analysts forecast that Obsidian Energy Ltd. will post 1.7604167 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Senior Officer Mark Kristian Rodger Hawkins sold 20,000 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of C$11.56, for a total transaction of C$231,112.00. In other Obsidian Energy news, Director John Brydson purchased 25,000 shares of the stock in a transaction on Thursday, February 29th. The shares were purchased at an average cost of C$7.09 per share, for a total transaction of C$177,172.50. Also, Senior Officer Mark Kristian Rodger Hawkins sold 20,000 shares of Obsidian Energy stock in a transaction on Friday, April 5th. The shares were sold at an average price of C$11.56, for a total transaction of C$231,112.00. 1.21% of the stock is currently owned by company insiders.
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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