Obsidian Energy Ltd. (TSE:OBE) Director Gordon Malcolm Ritchie Purchases 4,229 Shares

Obsidian Energy Ltd. (TSE:OBE) Director Gordon Malcolm Ritchie purchased 4,229 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average cost of C$7.94 per share, with a total value of C$33,578.26.

Obsidian Energy Stock Performance

OBE opened at C$7.91 on Friday. The firm has a market capitalization of C$601.20 million, a P/E ratio of 5.15, a price-to-earnings-growth ratio of 0.08 and a beta of 2.30. The stock’s 50 day moving average price is C$7.96 and its two-hundred day moving average price is C$8.12. The company has a quick ratio of 0.41, a current ratio of 0.45 and a debt-to-equity ratio of 20.55. Obsidian Energy Ltd. has a 12-month low of C$7.02 and a 12-month high of C$12.37.

Analysts Set New Price Targets

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

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.