Obsidian Energy Ltd. (TSE:OBE) Senior Officer Mark Kristian Rodger Hawkins Sells 25,075 Shares of Stock

Obsidian Energy Ltd. (TSE:OBE) Senior Officer Mark Kristian Rodger Hawkins sold 25,075 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of C$8.55, for a total value of C$214,391.25.

Obsidian Energy Trading Down 3.2 %

Shares of TSE:OBE opened at C$8.18 on Friday. The company has a debt-to-equity ratio of 22.94, a current ratio of 0.49 and a quick ratio of 0.41. The company’s 50-day moving average price is C$8.13 and its two-hundred day moving average price is C$9.44. The stock has a market capitalization of C$621.76 million, a PE ratio of 6.24, a price-to-earnings-growth ratio of 0.08 and a beta of 2.30. Obsidian Energy Ltd. has a one year low of C$7.36 and a one year high of C$12.37.

Analysts Set New Price Targets

A number of research firms recently issued reports on OBE. Raymond James raised Obsidian Energy to a “strong-buy” rating in a research note on Thursday, October 17th. Royal Bank of Canada lowered their price objective on shares of Obsidian Energy from C$15.00 to C$13.00 in a research report on Tuesday, September 17th.

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.