Obsidian Energy (TSE:OBE) Hits New 52-Week Low at $7.68

Obsidian Energy Ltd. (TSE:OBE) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$7.68 and last traded at C$7.70, with a volume of 34362 shares. The stock had previously closed at C$7.90.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered their target price on shares of Obsidian Energy from C$15.00 to C$13.00 in a research note on Tuesday.

Obsidian Energy Stock Performance

The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 22.94. The company’s fifty day moving average is C$9.22 and its 200 day moving average is C$10.12. The company has a market cap of C$601.24 million, a P/E ratio of 6.03, a price-to-earnings-growth ratio of 0.08 and a beta of 2.35.

Obsidian Energy (TSE:OBE) last announced its quarterly earnings results 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 for the quarter. Obsidian Energy had a net margin of 15.81% and a return on equity of 6.56%.

Insiders Place Their Bets

In other news, Director Gordon Malcolm Ritchie purchased 11,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were acquired at an average price of C$7.99 per share, with a total value of C$87,890.00. In related news, Director Gordon Malcolm Ritchie bought 11,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was purchased at an average cost of C$7.99 per share, with a total value of C$87,890.00. Also, Director Michael Faust bought 40,200 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average cost of C$6.21 per share, with a total value of C$249,654.06. Insiders own 1.35% 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.