Obsidian Energy (TSE:OBE) Reaches New 1-Year Low – Time to Sell?

Obsidian Energy Ltd. (TSE:OBE)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as C$6.67 and last traded at C$6.67, with a volume of 81316 shares changing hands. The stock had previously closed at C$7.48.

Analyst Ratings Changes

Several brokerages have weighed in on OBE. Royal Bank of Canada reduced their price objective on Obsidian Energy from C$13.00 to C$12.00 in a research note on Tuesday, January 14th. BMO Capital Markets boosted their target price on Obsidian Energy from C$12.00 to C$14.00 in a research report on Thursday, February 20th.

Obsidian Energy Stock Performance

The stock has a market capitalization of C$488.71 million, a PE ratio of 4.19, a PEG ratio of 0.08 and a beta of 2.30. The business’s 50 day moving average is C$7.77 and its 200 day moving average is C$7.93. The company has a current ratio of 0.45, a quick ratio of 0.41 and a debt-to-equity ratio of 20.55.

Insider Buying and Selling at Obsidian Energy

In related news, Director Gordon Malcolm Ritchie acquired 4,229 shares of the stock in a transaction on Thursday, February 27th. The stock was bought at an average cost of C$7.94 per share, with a total value of C$33,578.26. Also, Senior Officer Mark Kristian Rodger Hawkins sold 25,000 shares of the company’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of C$7.56, for a total transaction of C$189,000.00. Insiders acquired 5,129 shares of company stock worth $39,240 over the last 90 days. Company insiders own 1.20% 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.