Obsidian Energy (TSE:OBE) Reaches New 52-Week Low at $8.42

Obsidian Energy Ltd. (TSE:OBE) shares hit a new 52-week low on Wednesday . The stock traded as low as C$8.42 and last traded at C$8.44, with a volume of 21176 shares trading hands. The stock had previously closed at C$8.50.

Obsidian Energy Stock Down 3.5 %

The company has a market cap of C$608.08 million, a price-to-earnings ratio of 6.11, a PEG ratio of 0.08 and a beta of 2.35. The business has a 50-day simple moving average of C$9.66 and a two-hundred day simple moving average of C$10.22. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 22.94.

Obsidian Energy (TSE:OBE) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.46 earnings per share (EPS) for the quarter. The business had revenue of C$208.40 million during the quarter. Obsidian Energy had a net margin of 15.81% and a return on equity of 6.56%. As a group, equities analysts forecast that Obsidian Energy Ltd. will post 1.7128099 earnings per share for the current fiscal year.

Insider Transactions at Obsidian Energy

In related news, Director Gordon Malcolm Ritchie acquired 11,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of C$7.99 per share, for a total transaction of C$87,890.00. In other news, Director Gordon Malcolm Ritchie acquired 11,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were acquired at an average cost of C$7.99 per share, for a total transaction of C$87,890.00. Also, Director John Brydson bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average price of C$7.04 per share, with a total value of C$176,000.00. Over the last quarter, insiders have purchased 76,200 shares of company stock worth $513,544. Insiders own 1.26% of the company’s stock.

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.