Obsidian Energy Ltd. (TSE:OBE) Senior Officer Mark Kristian Rodger Hawkins Sells 25,000 Shares

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

Obsidian Energy Price Performance

TSE:OBE opened at C$8.14 on Monday. The business’s 50-day moving average is C$7.77 and its 200 day moving average is C$7.93. Obsidian Energy Ltd. has a 12 month low of C$6.85 and a 12 month high of C$12.37. The company has a market capitalization of C$618.68 million, a P/E ratio of 5.30, a P/E/G ratio of 0.08 and a beta of 2.30. The company has a current ratio of 0.45, a quick ratio of 0.41 and a debt-to-equity ratio of 20.55.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on OBE shares. Royal Bank of Canada cut their price objective on shares of Obsidian Energy from C$13.00 to C$12.00 in a report on Tuesday, January 14th. BMO Capital Markets upped their target price on shares of Obsidian Energy from C$12.00 to C$14.00 in a research report on Thursday, February 20th.

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.