Obsidian Energy Ltd. (TSE:OBE – Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as C$12.15 and last traded at C$12.11, with a volume of 36710 shares changing hands. The stock had previously closed at C$12.01.
Wall Street Analysts Forecast Growth
OBE has been the topic of several research analyst reports. BMO Capital Markets set a C$16.50 target price on shares of Obsidian Energy and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Raymond James dropped their target price on shares of Obsidian Energy from C$15.50 to C$12.50 and set an “outperform” rating for the company in a report on Friday, January 19th.
Check Out Our Latest Stock Analysis on Obsidian Energy
Obsidian Energy Stock Up 2.7 %
Obsidian Energy (TSE:OBE – Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported C$0.42 earnings per share for the quarter. Obsidian Energy had a net margin of 16.53% and a return on equity of 6.70%. The firm had revenue of C$173.30 million for the quarter. Equities research analysts anticipate that Obsidian Energy Ltd. will post 1.7604167 EPS for the current year.
Insider Activity
In other news, Director John Brydson bought 25,000 shares of Obsidian Energy stock in a transaction dated Thursday, February 29th. The stock was acquired at an average cost of C$7.09 per share, with a total value of C$177,172.50. In other Obsidian Energy news, Director John Brydson bought 25,000 shares of Obsidian Energy stock in a transaction dated Thursday, February 29th. The stock was acquired at an average cost of C$7.09 per share, with a total value of C$177,172.50. Also, Senior Officer Mark Kristian Rodger Hawkins sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of C$11.56, for a total value of C$231,112.00. Company insiders own 1.21% 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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